Vistry Group (LON:VTY) Reaches New 52-Week Low After Analyst Downgrade

Shares of Vistry Group PLC (LON:VTY) hit a new 52-week low during mid-day trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 530 to GBX 430. JPMorgan Chase & Co. currently has a neutral rating on the stock. Vistry Group traded as low as GBX 260.60 and last traded at GBX 264.60, with a volume of 4977757 shares. The stock had previously closed at GBX 280.20.

Several other equities research analysts have also issued reports on VTY. Bank of America decreased their price target on shares of Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating for the company in a research note on Monday, March 30th. Jefferies Financial Group restated a “hold” rating and set a GBX 511 price target on shares of Vistry Group in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft lowered shares of Vistry Group to a “hold” rating and decreased their price target for the stock from GBX 803 to GBX 600 in a research note on Thursday, March 5th. Stifel Nicolaus raised shares of Vistry Group to a “buy” rating and cut their price objective for the stock from GBX 670 to GBX 610 in a report on Thursday, March 5th. Finally, Royal Bank Of Canada cut their price objective on shares of Vistry Group from GBX 475 to GBX 385 and set a “buy” rating for the company in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Vistry Group presently has a consensus rating of “Hold” and a consensus price target of GBX 531.80.

Insider Buying and Selling at Vistry Group

In related news, insider Tim Lawlor sold 5,292 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of GBX 357, for a total value of £18,892.44. Also, insider Paul Whetsell acquired 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average cost of GBX 474 per share, with a total value of £28,440. Insiders purchased a total of 24,456 shares of company stock valued at $9,356,073 in the last quarter. Corporate insiders own 9.99% of the company’s stock.

Vistry Group Stock Performance

The company’s fifty day simple moving average is GBX 340.83 and its 200 day simple moving average is GBX 539.06. The company has a current ratio of 2.52, a quick ratio of 0.56 and a debt-to-equity ratio of 17.93. The stock has a market capitalization of £842.17 million, a P/E ratio of 6.31, a P/E/G ratio of -0.20 and a beta of 1.88.

Vistry Group (LON:VTY) last announced its quarterly earnings results on Wednesday, March 4th. The company reported GBX 59.30 EPS for the quarter. Vistry Group had a net margin of 3.82% and a return on equity of 4.20%. As a group, sell-side analysts forecast that Vistry Group PLC will post 108.4606345 earnings per share for the current fiscal year.

Vistry Group declared that its Board of Directors has approved a stock buyback plan on Monday, February 2nd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Vistry Group Company Profile

Vistry Group is a leading homebuilder developing in partnership to deliver sustainable homes, communities, and social value, leaving a lasting legacy of places where people love to live.

Operating across 25 regions, we build homes for those who need them right across the UK. Our partners include Registered Providers, Local Authorities, Homes England and Private Rented Sector providers.

Our timber manufacturing capability, Vistry Works, is at the core of our strategy to deliver more quality homes, faster.

We sell homes on the open market through three respected brands: Bovis Homes, Linden Homes, and Countryside Homes.