Vistry Group (LON:VTY) Given New GBX 650 Price Target at Berenberg Bank

Vistry Group (LON:VTY) had its price target lowered by investment analysts at Berenberg Bank from GBX 750 ($9.28) to GBX 650 ($8.05) in a research note issued on Thursday,London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 17.12% from the company’s current price.

Separately, JPMorgan Chase & Co. decreased their price objective on Vistry Group from GBX 830 ($10.27) to GBX 690 ($8.54) and set a “neutral” rating on the stock in a research note on Thursday, December 5th.

Vistry Group Price Performance

VTY traded down GBX 10 ($0.12) during midday trading on Thursday, reaching GBX 555 ($6.87). 1,014,933 shares of the company’s stock were exchanged, compared to its average volume of 1,011,912. Vistry Group has a 1-year low of GBX 523 ($6.47) and a 1-year high of GBX 1,436 ($17.77). 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’s 50-day moving average price is GBX 702.27 and its 200 day moving average price is GBX 1,068.65. The stock has a market capitalization of £1.85 billion, a PE ratio of 760.27, a P/E/G ratio of -0.20 and a beta of 2.14.

Insider Transactions at Vistry Group

In related news, insider Usman Nabi purchased 800,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were acquired at an average price of GBX 931 ($11.52) per share, with a total value of £7,448,000 ($9,218,962.74). Also, insider Greg Fitzgerald bought 20,498 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was bought at an average price of GBX 966 ($11.96) per share, for a total transaction of £198,010.68 ($245,093.06). Insiders acquired 1,324,543 shares of company stock valued at $1,136,907,044 over the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Vistry Group Company Profile

Vistry Group PLC, together with its subsidiaries, provides housing solutions in the United Kingdom. It offers o single family housing model. The company was formerly known as Bovis Homes Group PLC and changed its name to Vistry Group PLC in January 2020. Vistry Group PLC was founded in 1885 and is headquartered in West Malling, the United Kingdom.