Vistry Group (LON:VTY) Stock Price Down 12.3% – Time to Sell?

Shares of Vistry Group PLC (LON:VTY) dropped 12.3% on Thursday . The company traded as low as GBX 283 and last traded at GBX 285.60. Approximately 9,014,763 shares changed hands during trading, a decline of 47% from the average daily volume of 17,073,111 shares. The stock had previously closed at GBX 325.80.

Analyst Upgrades and Downgrades

VTY has been the topic of a number of recent research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 511 price target on shares of Vistry Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut shares of Vistry Group to a “hold” rating and reduced their price target for the company from GBX 803 to GBX 600 in a research report on Thursday, March 5th. Bank of America reduced their price target on shares of Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating on the stock in a research report on Monday, March 30th. Stifel Nicolaus raised shares of Vistry Group to a “buy” rating and reduced their price target for the company from GBX 670 to GBX 610 in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada dropped their price objective on shares of Vistry Group from GBX 475 to GBX 385 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Vistry Group currently has a consensus rating of “Hold” and an average target price of GBX 541.80.

Vistry Group Price Performance

The company has a market cap of £913.35 million, a PE ratio of 6.84, a price-to-earnings-growth ratio of -0.20 and a beta of 1.88. The business’s 50 day moving average price is GBX 362.73 and its 200-day moving average price is GBX 553.28. The company has a quick ratio of 0.56, a current ratio of 2.52 and a debt-to-equity ratio of 17.93.

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

Vistry Group announced that its board has initiated a share repurchase plan on Monday, February 2nd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, insider Paul Whetsell acquired 6,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were bought at an average price of GBX 474 per share, for a total transaction of £28,440. Also, insider Tim Lawlor sold 5,292 shares of Vistry Group stock in a transaction on Friday, March 20th. The stock was sold at an average price of GBX 357, for a total transaction of £18,892.44. Over the last ninety days, insiders have purchased 24,420 shares of company stock worth $9,356,052. Company insiders own 9.99% of the company’s stock.

About Vistry Group

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.