Vistry Group (LON:VTY) Trading Down 16.1% – Here’s What Happened

Vistry Group PLC (LON:VTY)’s stock price fell 16.1% on Tuesday . The company traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). 4,971,120 shares changed hands during mid-day trading, an increase of 148% from the average session volume of 2,001,906 shares. The stock had previously closed at GBX 654 ($8.20).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price objective on shares of Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating for the company in a research report on Thursday, December 5th.

Vistry Group Trading Down 16.1 %

The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15. The business has a 50 day moving average price of GBX 768.49 and a 200-day moving average price of GBX 1,108. The firm has a market capitalization of £1.83 billion, a PE ratio of 752.05, a P/E/G ratio of -0.20 and a beta of 2.14.

Insider Buying and Selling at Vistry Group

In other news, insider Usman Nabi bought 500,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of GBX 737 ($9.24) per share, for a total transaction of £3,685,000 ($4,619,531.15). Also, insider Greg Fitzgerald purchased 20,498 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was acquired at an average price of GBX 966 ($12.11) per share, with a total value of £198,010.68 ($248,227.00). Over the last quarter, insiders acquired 1,324,543 shares of company stock valued at $1,136,907,044. 0.64% of the stock is owned by company insiders.

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.