Vistry Group (LON:VTY) Reaches New 52-Week Low After Analyst Downgrade

Vistry Group PLC (LON:VTY)’s stock price reached a new 52-week low during mid-day trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 530 to GBX 430. JPMorgan Chase & Co. currently has a neutral rating on the stock. Vistry Group traded as low as GBX 260.60 and last traded at GBX 264.60, with a volume of 4977757 shares traded. The stock had previously closed at GBX 280.20.

VTY has been the subject of several other research reports. Stifel Nicolaus raised Vistry Group to a “buy” rating and decreased their price target for the stock from GBX 670 to GBX 610 in a research note on Thursday, March 5th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 511 price target on shares of Vistry Group in a research note on Wednesday, May 13th. Royal Bank Of Canada decreased their price target on Vistry Group from GBX 475 to GBX 385 and set a “buy” rating for the company in a research note on Thursday, March 5th. Bank of America decreased their price target on Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating for the company in a research note on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft cut Vistry Group to a “hold” rating and decreased their price target for the stock from GBX 803 to GBX 600 in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Vistry Group presently has an average rating of “Hold” and an average target price of GBX 531.80.

Insider Transactions at Vistry Group

In other news, insider Greg Fitzgerald sold 34,642 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of GBX 357, for a total value of £123,671.94. Also, insider Tim Lawlor sold 5,292 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of GBX 357, for a total value of £18,892.44. In the last three months, insiders have acquired 24,456 shares of company stock worth $9,356,073. Corporate insiders own 9.99% of the company’s stock.

Vistry Group Stock Performance

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 firm has a market cap of £842.17 million, a price-to-earnings ratio of 6.31, a price-to-earnings-growth ratio of -0.20 and a beta of 1.88. The company has a fifty day moving average price of GBX 340.83 and a two-hundred day moving average price of GBX 539.06.

Vistry Group (LON:VTY) last announced its quarterly earnings data on Wednesday, March 4th. The company reported GBX 59.30 earnings per share for the quarter. Vistry Group had a return on equity of 4.20% and a net margin of 3.82%. As a group, equities research analysts expect that Vistry Group PLC will post 108.4606345 EPS for the current year.

Vistry Group announced that its Board of Directors has approved a stock repurchase plan on Monday, February 2nd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Vistry Group Company Profile

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.