Vistry Group (LON:VTY) Sets New 1-Year Low After Analyst Downgrade

Shares of Vistry Group PLC (LON:VTYGet Free Report) hit a new 52-week low during trading on Thursday after Deutsche Bank Aktiengesellschaft downgraded the stock to a hold rating. Deutsche Bank Aktiengesellschaft now has a GBX 600 price target on the stock, down from their previous price target of GBX 803. Vistry Group traded as low as GBX 469.70 and last traded at GBX 469.70, with a volume of 246733250 shares changing hands. The stock had previously closed at GBX 631.60.

A number of other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Vistry Group from GBX 570 to GBX 640 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. The Goldman Sachs Group began coverage on shares of Vistry Group in a research note on Monday, November 24th. They set a “buy” rating and a GBX 731 target price on the stock. Stifel Nicolaus raised shares of Vistry Group to a “buy” rating and dropped their target price for the stock from GBX 670 to GBX 610 in a report on Thursday. Jefferies Financial Group increased their price target on Vistry Group from GBX 608 to GBX 659 and gave the stock a “hold” rating in a research note on Monday, January 19th. Finally, Royal Bank Of Canada lowered their price objective on Vistry Group from GBX 475 to GBX 385 and set a “buy” rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 591.78.

Check Out Our Latest Stock Analysis on VTY

Insider Activity at Vistry Group

In related news, insider Paul Whetsell bought 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average price of GBX 474 per share, for a total transaction of £28,440. Insiders have acquired a total of 6,068 shares of company stock valued at $2,888,769 over the last quarter. 9.98% of the stock is currently owned by insiders.

Vistry Group News Roundup

Here are the key news stories impacting Vistry Group this week:

Vistry Group Trading Down 4.6%

The stock has a market cap of £1.43 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of -0.20 and a beta of 1.65. The stock has a 50-day moving average price of GBX 663.10 and a two-hundred day moving average price of GBX 643.88. The company has a debt-to-equity ratio of 17.93, a current ratio of 2.52 and a quick ratio of 0.56.

Vistry Group (LON:VTYGet Free Report) last issued its earnings results on Wednesday, March 4th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Vistry Group had a return on equity of 4.20% and a net margin of 3.82%. Sell-side analysts forecast that Vistry Group PLC will post 108.4606345 earnings per share for the current fiscal year.

Vistry Group announced that its board has initiated a share buyback program on Monday, February 2nd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Vistry Group Company Profile

(Get Free Report)

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.

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