Royal Bank Of Canada Reaffirms Underperform Rating for Vistry Group (LON:VTY)

Key Points

• Royal Bank of Canada reaffirmed its “underperform” rating on Vistry Group and maintained a GBX 180 price target, implying approximately 33.7% downside from the stock’s current price.
• Analyst sentiment remains cautious: Vistry has a consensus “Reduce” rating, with two Buy, two Hold, and three Sell recommendations. JPMorgan also cut its target to GBX 210 and assigned an “underweight” rating.
• Vistry shares opened at GBX 271.47, near the lower end of their 12-month range of GBX 220 to GBX 746.40; meanwhile, insiders recently bought shares totaling about £138,101.

Vistry Group (LON:VTY - Get Free Report)'s stock had its "underperform" rating reiterated by analysts at Royal Bank Of Canada in a report released on Friday, London Stock Exchange reports. They currently have a GBX 180 target price on the stock. Royal Bank Of Canada's price target suggests a potential downside of 33.69% from the stock's current price.

Several other brokerages have also recently weighed in on VTY. JPMorgan Chase & Co. reduced their price target on shares of Vistry Group from GBX 430 to GBX 210 and set an "underweight" rating on the stock in a research report on Monday, June 15th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 274 price objective on shares of Vistry Group in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of GBX 422.14.

Vistry Group Trading Down 0.0%

Shares of VTY stock opened at GBX 271.47 on Friday. The company has a current ratio of 2.52, a quick ratio of 0.56 and a debt-to-equity ratio of 17.93. The stock has a market capitalization of £862.90 million, a price-to-earnings ratio of 6.46, a price-to-earnings-growth ratio of -0.20 and a beta of 1.86. Vistry Group has a 12-month low of GBX 220 and a 12-month high of GBX 746.40. The stock's 50-day moving average price is GBX 277.01 and its 200-day moving average price is GBX 304.21.

Insider Activity at Vistry Group

In related news, insider Paul Whetsell purchased 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 14th. The shares were bought at an average price of GBX 253 per share, for a total transaction of £37,950. Also, insider Adam Daniels purchased 38,372 shares of the stock in a transaction that occurred on Wednesday, July 15th. The stock was bought at an average price of GBX 261 per share, with a total value of £100,150.92. Insiders own 1.23% of the company's stock.

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.

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