Vistry Group (LON:VTY) Shares Up 16% – Should You Buy?

Vistry Group PLC (LON:VTY) rose 16% during trading on Tuesday . The company traded as high as GBX 320.60 and last traded at GBX 311.60. 329,949,656 shares changed hands during mid-day trading, an increase of 1,941% from the average session volume of 16,163,027 shares. The stock had previously closed at GBX 268.60.

Wall Street Analysts Forecast Growth

VTY has been the topic of several research reports. Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 180 price target on shares of Vistry Group in a research note on Thursday, July 9th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 274 price objective on shares of Vistry Group in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Vistry Group from GBX 430 to GBX 210 and set an “underweight” rating on the stock in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of GBX 465.60.

Vistry Group Stock Up 0.4%

The company has a debt-to-equity ratio of 17.93, a quick ratio of 0.56 and a current ratio of 2.52. The business has a 50 day simple moving average of GBX 268.71 and a 200-day simple moving average of GBX 352.83. The firm has a market capitalization of £1.00 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of -0.20 and a beta of 1.85.

Insider Transactions at Vistry Group

In other news, insider Adam Daniels bought 38,372 shares of Vistry Group stock in a transaction on Wednesday, July 15th. The shares were bought at an average cost of GBX 261 per share, with a total value of £100,150.92. Also, insider Paul Whetsell bought 15,000 shares of the firm’s stock in a transaction on Tuesday, July 14th. The stock was purchased at an average price of GBX 253 per share, for a total transaction of £37,950. Corporate insiders own 1.23% of the company’s stock.

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.