Vistry Group (LON:VTY) Stock Price Down 16.1% – Here’s What Happened

Shares of Vistry Group PLC (LON:VTY) were down 16.1% during trading on Wednesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). Approximately 4,971,120 shares changed hands during trading, an increase of 148% from the average daily volume of 2,001,906 shares. The stock had previously closed at GBX 654 ($8.20).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price objective on shares of Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating on the stock in a research report on Thursday, December 5th.

Vistry Group Stock Performance

The business’s fifty day moving average price is GBX 760.20 and its two-hundred day moving average price is GBX 1,102.80. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64. The stock has a market capitalization of £1.83 billion, a P/E ratio of 752.05, a P/E/G ratio of -0.20 and a beta of 2.14.

Insider Transactions at Vistry Group

In related news, insider Greg Fitzgerald acquired 20,498 shares of the stock in a transaction on Tuesday, October 8th. The stock was bought at an average cost of GBX 966 ($12.11) per share, with a total value of £198,010.68 ($248,227.00). Also, insider Usman Nabi acquired 500,000 shares of the stock in a transaction on Friday, November 8th. The stock was bought at an average cost of GBX 737 ($9.24) per share, with a total value of £3,685,000 ($4,619,531.15). Insiders have acquired a total of 1,324,543 shares of company stock worth $1,136,907,044 in the last three months. Insiders own 0.64% of the company’s stock.

Vistry Group Company Profile

Vistry Group PLC, together with its subsidiaries, provides housing solutions in the United Kingdom. It offers o single family housing model. The company was formerly known as Bovis Homes Group PLC and changed its name to Vistry Group PLC in January 2020. Vistry Group PLC was founded in 1885 and is headquartered in West Malling, the United Kingdom.