Brokerages Set Vistry Group PLC (LON:VTY) Target Price at GBX 608

Shares of Vistry Group PLC (LON:VTY) have received a consensus rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 622.88.

VTY has been the topic of several recent research reports. Jefferies Financial Group cut their price target on Vistry Group from GBX 628 to GBX 608 and set a “hold” rating on the stock in a report on Monday, November 10th. Deutsche Bank Aktiengesellschaft increased their target price on Vistry Group from GBX 684 to GBX 803 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group initiated coverage on shares of Vistry Group in a research note on Monday, November 24th. They set a “buy” rating and a GBX 731 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Vistry Group from GBX 570 to GBX 640 and gave the company a “neutral” rating in a research note on Thursday, December 4th.

Vistry Group Price Performance

VTY stock opened at GBX 652.20 on Wednesday. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56. The company’s 50-day moving average is GBX 639.16 and its 200-day moving average is GBX 630.91. The stock has a market capitalization of £2.09 billion, a PE ratio of 58.23, a price-to-earnings-growth 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 723.03.

Vistry Group announced that its Board of Directors has approved a stock repurchase program on Thursday, September 25th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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. The design and construction of our housing ranges blend tradition and innovation, creating homes and developments with contemporary living standards.

Following the acquisition of Countryside Partnerships, Vistry’s Partnerships division is a market leader in the high-growth partnerships business.