Vistry Group (LON:VTY) Declares Share Repurchase Program

Vistry Group (LON:VTY) declared that its Board of Directors has initiated a stock buyback program on Monday, October 20th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

VTY has been the subject of a number of research reports. Royal Bank Of Canada boosted their target price on shares of Vistry Group from GBX 475 to GBX 500 and gave the stock an “underperform” rating in a research note on Wednesday, September 10th. Berenberg Bank reiterated a “hold” rating and set a GBX 650 target price on shares of Vistry Group in a report on Monday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 684 target price on shares of Vistry Group in a research report on Friday, July 11th. Jefferies Financial Group decreased their price target on shares of Vistry Group from GBX 634 to GBX 628 and set a “hold” rating for the company in a research note on Friday, September 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Vistry Group in a research note on Thursday, July 17th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of GBX 600.43.

Vistry Group Stock Up 5.2%

Vistry Group stock opened at GBX 682.60 on Thursday. The firm has a market capitalization of £2.20 billion, a P/E ratio of 60.95, a P/E/G ratio of -0.20 and a beta of 2.14. The company has a 50-day simple moving average of GBX 629.56 and a 200-day simple moving average of GBX 617.91. Vistry Group has a one year low of GBX 486.70 and a one year high of GBX 1,003. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64.

Vistry Group (LON:VTY) last posted its quarterly earnings data on Wednesday, September 10th. The company reported GBX 17.60 EPS for the quarter. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%. As a group, equities analysts expect that Vistry Group will post 108.4606345 earnings per share for the current year.

Insider Activity

In related news, insider Greg Fitzgerald acquired 84,068 shares of the stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average price of GBX 590 per share, for a total transaction of £496,001.20. Insiders have acquired a total of 84,139 shares of company stock valued at $49,644,909 in the last 90 days. Company insiders own 10.64% of the company’s stock.

About Vistry Group

Vistry Group is one of the UK’s leading homebuilders with a top tier housebuilder and leading Partnerships business. Our purpose is to develop sustainable new homes and communities across all sectors of the housing market through our leading brands, Bovis Homes, Linden Homes, Vistry Partnerships and Drew Smith.

Our housebuilding division operates across 13 business units, each with a regional office, which are developing hundreds of sites across England.