Jefferies Financial Group Reaffirms Hold Rating for Vistry Group (LON:VTY)

Vistry Group (LON:VTY)‘s stock had its “hold” rating reiterated by analysts at Jefferies Financial Group in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 511 price target on the stock. Jefferies Financial Group’s price objective points to a potential upside of 71.13% from the company’s current price.

Several other research firms also recently issued reports on VTY. Stifel Nicolaus upgraded Vistry Group to a “buy” rating and decreased their price target for the stock from GBX 670 to GBX 610 in a research note on Thursday, March 5th. Royal Bank Of Canada cut their price objective on Vistry Group from GBX 475 to GBX 385 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Bank of America decreased their target price on Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating for the company in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft downgraded Vistry Group to a “hold” rating and lowered their price target for the company from GBX 803 to GBX 600 in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Vistry Group from GBX 640 to GBX 530 and set a “neutral” rating for the company in a research note on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 541.80.

Vistry Group Trading Down 8.3%

LON VTY opened at GBX 298.60 on Wednesday. The firm’s 50 day moving average price is GBX 370.39 and its two-hundred day moving average price is GBX 556.12. The company has a debt-to-equity ratio of 17.93, a quick ratio of 0.56 and a current ratio of 2.52. Vistry Group has a twelve month low of GBX 283.80 and a twelve month high of GBX 746.40. The stock has a market cap of £948.95 million, a price-to-earnings ratio of 7.11, a PEG ratio of -0.20 and a beta of 1.88.

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

Vistry Group declared that its Board of Directors has approved a share repurchase plan on Monday, February 2nd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Vistry Group

In related news, insider Paul Whetsell bought 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average price of GBX 474 per share, for a total transaction of £28,440. Also, insider Greg Fitzgerald sold 34,642 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of GBX 357, for a total transaction of £123,671.94. Over the last quarter, insiders bought 24,420 shares of company stock worth $9,356,052. Corporate insiders own 9.99% of the company’s stock.

Vistry Group Company Profile

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.