Vistry Group (LON:VTY) Trading 3% Higher Following Insider Buying Activity

Vistry Group PLC (LON:VTY)’s stock price traded up 3% during trading on Wednesday after an insider bought additional shares in the company. The stock traded as high as GBX 277.20 and last traded at GBX 264.81. 2,175,833 shares traded hands during trading, a decline of 87% from the average session volume of 16,666,199 shares. The stock had previously closed at GBX 257.20.

Specifically, insider Adam Daniels bought 38,372 shares of the company’s stock in a transaction dated Wednesday, July 15th. The stock was acquired at an average cost of GBX 261 per share, with a total value of £100,150.92. Also, insider Paul Whetsell purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 14th. The stock was bought at an average cost of GBX 253 per share, for a total transaction of £37,950.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Bank of America lowered their target price on shares of Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating on the stock in a report on Monday, March 30th. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 180 price objective on shares of Vistry Group in a report on Thursday, July 9th. JPMorgan Chase & Co. reduced their target price on Vistry Group from GBX 430 to GBX 210 and set an “underweight” rating on the stock in a report on Monday, June 15th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 251 price target on shares of Vistry Group in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of GBX 463.30.

Vistry Group Stock Performance

The stock’s 50 day simple moving average is GBX 265.99 and its two-hundred day simple moving average is GBX 435.33. The company has a market capitalization of £841.03 million, a P/E ratio of 6.31, a P/E/G ratio of -0.20 and a beta of 1.84. The company has a debt-to-equity ratio of 17.93, a current ratio of 2.52 and a quick ratio of 0.56.

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.