Vistry Group (LON:VTY) Hits New 52-Week Low – Here’s Why

Vistry Group PLC (LON:VTY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 287.94 and last traded at GBX 291.40, with a volume of 10145554 shares changing hands. The stock had previously closed at GBX 325.80.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VTY. Bank of America cut their target price on shares of Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating on the stock in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft lowered shares of Vistry Group to a “hold” rating and cut their target price for the company from GBX 803 to GBX 600 in a research note on Thursday, March 5th. Royal Bank Of Canada lowered their price objective on shares of Vistry Group from GBX 475 to GBX 385 and set a “buy” rating for the company in a research report on Thursday, March 5th. Jefferies Financial Group boosted their price objective on shares of Vistry Group from GBX 608 to GBX 659 and gave the company a “hold” rating in a research report on Monday, January 19th. Finally, JPMorgan Chase & Co. lowered 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 report on Tuesday, March 10th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 556.60.

Vistry Group Price Performance

The company has a debt-to-equity ratio of 17.93, a quick ratio of 0.56 and a current ratio of 2.52. The business’s 50 day simple moving average is GBX 370.39 and its 200-day simple moving average is GBX 556.12. The stock has a market capitalization of £908.27 million, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of -0.20 and a beta of 1.88.

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

Vistry Group declared that its board has initiated a share repurchase plan on Monday, February 2nd that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other Vistry Group news, insider Tim Lawlor sold 5,292 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of GBX 357, for a total transaction of £18,892.44. Also, insider Rob Woodward bought 18,319 shares of Vistry Group stock in a transaction on Monday, April 20th. The shares were purchased at an average cost of GBX 353 per share, with a total value of £64,666.07. Over the last 90 days, insiders bought 24,420 shares of company stock valued at $9,356,052. Company insiders own 9.99% of the company’s stock.

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.