Vistry Group (LON:VTY) Price Target Cut to GBX 601 by Analysts at Citigroup

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 - Free Report) had its target price reduced by Citigroup from GBX 602 to GBX 601 in a research note released on Thursday morning, MarketBeat Ratings reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently issued reports on the stock. UBS Group reissued a "sell" rating and issued a GBX 450 price objective on shares of Vistry Group in a report on Friday, September 5th. Berenberg Bank reissued a "hold" rating and issued a GBX 650 price objective on shares of Vistry Group in a report on Monday, September 8th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Vistry Group in a report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 684 price objective on shares of Vistry Group in a report on Friday, July 11th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of GBX 600.43.

Vistry Group Stock Performance

Shares of VTY stock traded up GBX 6 during trading hours on Thursday, reaching GBX 614. The company had a trading volume of 1,114,073 shares, compared to its average volume of 2,817,367. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64. The firm has a market cap of £1.99 billion, a PE ratio of 2,816.51, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The business has a fifty day moving average price of GBX 612.64 and a 200-day moving average price of GBX 611.45. Vistry Group has a one year low of GBX 486.70 and a one year high of GBX 1,393.

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

Vistry Group declared that its board has approved a stock repurchase program on Monday, August 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Insider Activity at Vistry Group

In related news, insider Greg Fitzgerald bought 84,068 shares of the stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average price of GBX 590 per share, with a total value of £496,001.20. Insiders have acquired a total of 84,117 shares of company stock valued at $49,630,249 over the last quarter. 10.61% of the stock is currently owned by insiders.

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.