Vistry Group (LON:VTY) Announces Earnings Results

Vistry Group (LON:VTY) announced its quarterly earnings data on Wednesday. The company reported GBX 17.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%.

Vistry Group Trading Down 4.2%

VTY opened at GBX 578.20 on Wednesday. The company’s 50 day moving average is GBX 615.46 and its 200-day moving average is GBX 612.08. The company has a market cap of £1.87 billion, a P/E ratio of 2,652.29, a PEG ratio of -0.20 and a beta of 2.14. Vistry Group has a 1-year low of GBX 486.70 and a 1-year high of GBX 1,393. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15.

Vistry Group announced that its board has authorized a share repurchase plan on Monday, August 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have issued reports on VTY. Berenberg Bank reiterated a “hold” rating and set a GBX 650 price objective on shares of Vistry Group in a research note on Monday. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Vistry Group in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 684 price objective on shares of Vistry Group in a research note on Friday, July 11th. Finally, UBS Group restated a “sell” rating and issued a GBX 450 price target on shares of Vistry Group in a research note on Friday, September 5th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of GBX 594.80.

Insider Transactions at Vistry Group

In other Vistry Group news, insider Greg Fitzgerald acquired 84,068 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average price of GBX 590 per share, for a total transaction of £496,001.20. In the last three months, insiders have purchased 84,139 shares of company stock valued at $49,645,011. 10.61% of the stock is owned by company insiders.

Vistry Group Company Profile

Vistry Group is one of the UK’s leading homebuilders with a top tier housebuilder and leading Partnerships business. Our purpose is to develop sustainable new homes and communities across all sectors of the housing market through our leading brands, Bovis Homes, Linden Homes, Vistry Partnerships and Drew Smith.

Our housebuilding division operates across 13 business units, each with a regional office, which are developing hundreds of sites across England.