Vistry Group (LON:VTY) Trading Down 9% – What’s Next?

Vistry Group PLC (LON:VTY)’s stock price traded down 9% during mid-day trading on Tuesday . The stock traded as low as GBX 259 and last traded at GBX 284. Approximately 303,811,469 shares traded hands during mid-day trading, an increase of 1,654% from the average session volume of 17,322,355 shares. The stock had previously closed at GBX 312.18.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VTY shares. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 251 price target on shares of Vistry Group in a report on Tuesday, June 16th. JPMorgan Chase & Co. reduced their price target on shares of Vistry Group from GBX 430 to GBX 210 and set an “underweight” rating for the company in a research report on Monday, June 15th. Finally, Royal Bank Of Canada restated an “underperform” rating and issued a GBX 180 price target on shares of Vistry Group in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of GBX 463.30.

Vistry Group Trading Down 9.0%

The company has a market cap of £901.96 million, a price-to-earnings ratio of 6.76, a PEG 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. The business’s 50-day simple moving average is GBX 261.80 and its 200-day simple moving average is GBX 398.57.

Insider Buying and Selling

In related news, insider Paul Whetsell acquired 15,000 shares of Vistry Group stock in a transaction dated Tuesday, July 14th. The shares were acquired at an average cost of GBX 253 per share, for a total transaction of £37,950. Also, insider Adam Daniels acquired 38,372 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The shares were bought at an average cost of GBX 261 per share, for a total transaction of £100,150.92. In the last ninety days, insiders purchased 53,429 shares of company stock worth $13,825,254. 1.21% of the stock is owned by corporate insiders.

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.