Vistry Group (LON:VTY) Reaches New 12-Month High – What’s Next?

Vistry Group PLC (LON:VTY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 730 and last traded at GBX 727.86, with a volume of 20355791 shares changing hands. The stock had previously closed at GBX 699.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VTY. Deutsche Bank Aktiengesellschaft increased their target price on shares of Vistry Group from GBX 684 to GBX 803 and gave the stock a “buy” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. raised their price objective on Vistry Group from GBX 570 to GBX 640 and gave the company a “neutral” rating in a report on Thursday, December 4th. The Goldman Sachs Group initiated coverage on Vistry Group in a report on Monday, November 24th. They set a “buy” rating and a GBX 731 target price on the stock. Finally, Jefferies Financial Group increased their price target on Vistry Group from GBX 608 to GBX 659 and gave the company a “hold” rating in a research report on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Vistry Group presently has an average rating of “Hold” and an average target price of GBX 629.25.

Vistry Group Trading Up 4.2%

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 business has a 50-day simple moving average of GBX 649.01 and a two-hundred day simple moving average of GBX 636.90. The stock has a market cap of £2.32 billion, a price-to-earnings ratio of 65.03, a P/E/G ratio of -0.20 and a beta of 2.14.

Vistry Group declared that its board has approved a stock buyback plan on Monday, October 20th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.