Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Vistry Group (LON:VTY) Stock Price

Vistry Group (LON:VTY) had its price target raised by Deutsche Bank Aktiengesellschaft from GBX 684 to GBX 803 in a research note published on Wednesday,London Stock Exchange reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other research analysts have also commented on the stock. Jefferies Financial Group decreased their price target on shares of Vistry Group from GBX 628 to GBX 608 and set a “hold” rating on the stock in a research note on Monday, November 10th. JPMorgan Chase & Co. upped their price target 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. Finally, The Goldman Sachs Group started coverage on shares of Vistry Group in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 731 price objective for the company. Two 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’s stock. According to data from MarketBeat, Vistry Group currently has a consensus rating of “Hold” and an average price target of GBX 622.88.

Vistry Group Stock Up 2.5%

Shares of LON:VTY traded up GBX 15.40 during trading on Wednesday, hitting GBX 636.80. 1,774,496 shares of the company were exchanged, compared to its average volume of 4,360,881. The stock has a market cap of £2.04 billion, a price-to-earnings ratio of 56.86, a P/E/G ratio of -0.20 and a beta of 2.14. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15. Vistry Group has a fifty-two week low of GBX 486.70 and a fifty-two week high of GBX 723.03. The firm has a fifty day moving average price of GBX 638.72 and a two-hundred day moving average price of GBX 630.81.

Vistry Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, September 25th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

About Vistry Group

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.