Citigroup Cuts Vistry Group (LON:VTY) Price Target to GBX 601

Key Points

• Citigroup has lowered its price target for Vistry Group from GBX 602 to GBX 601, maintaining a "neutral" rating.
• Multiple analysts have differing opinions on Vistry Group, with targets ranging from GBX 450 (UBS, sell rating) to GBX 684 (Deutsche Bank, buy rating).
• Insider Greg Fitzgerald recently purchased 84,068 shares at an average price of GBX 590, indicating insider confidence in the stock's value.

Vistry Group (LON:VTY - Get Free Report) had its price target lowered by investment analysts at Citigroup from GBX 602 to GBX 601 in a research report issued on Thursday,London Stock Exchange reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's price objective would suggest a potential upside of 3.87% from the stock's previous close.

Several other equities research analysts also recently weighed in on the stock. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 650 price target on shares of Vistry Group in a research note on Monday. UBS Group reaffirmed a "sell" rating and issued a GBX 450 price target on shares of Vistry Group in a research note on Friday, September 5th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Vistry Group in a research note on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 684 price target on shares of Vistry Group in a research note on Friday, July 11th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Vistry Group currently has an average rating of "Reduce" and an average price target of GBX 595.83.

Vistry Group Price Performance

Shares of LON VTY opened at GBX 578.60 on Thursday. Vistry Group has a twelve month low of GBX 486.70 and a twelve month high of GBX 1,393. The firm has a fifty day simple moving average of GBX 614.75 and a 200 day simple moving average of GBX 611.88. The company has a market capitalization of £1.87 billion, a PE ratio of 2,654.13, a P/E/G ratio of -0.20 and a beta of 2.14. The company has a quick ratio of 0.56, a current ratio of 2.64 and a debt-to-equity ratio of 22.15.

Vistry Group (LON:VTY - Get Free Report) last announced its earnings results on Wednesday, September 10th. The company reported GBX 17.60 earnings per share for the quarter. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%. On average, sell-side analysts forecast that Vistry Group will post 108.4606345 EPS for the current year.

Vistry Group announced that its board has approved a stock repurchase program on Monday, August 11th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Insider Activity at Vistry Group

In other Vistry Group news, insider Greg Fitzgerald bought 84,068 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was bought at an average cost of GBX 590 per share, with a total value of £496,001.20. Insiders have bought 84,139 shares of company stock worth $49,645,011 over the last ninety days. Insiders own 10.61% 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.

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