Vistry Group PLC (LON:VTY) Receives Average Rating of "Reduce" from Brokerages

Key Points

• Vistry Group has an average “Reduce” rating from seven brokerages: three recommend selling, two advise holding, and two recommend buying. The average 12-month price target is GBX 422.14.
• Analysts have recently lowered their outlook, including JPMorgan cutting its target from GBX 430 to GBX 210 with an “underweight” rating; RBC set a GBX 180 target and “underperform” rating.
• The shares opened at GBX 263.40, near the lower end of their 12-month range of GBX 220–746.40. Insiders recently bought shares worth approximately £138,101 combined.

Vistry Group PLC (LON:VTY - Get Free Report) has been assigned an average rating of "Reduce" from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 422.14.

Several analysts recently issued reports on VTY shares. JPMorgan Chase & Co. cut their target price on Vistry Group from GBX 430 to GBX 210 and set an "underweight" rating on the stock in a research note on Monday, June 15th. Royal Bank Of Canada restated an "underperform" rating and set a GBX 180 target price on shares of Vistry Group in a report on Friday. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 274 price target on shares of Vistry Group in a research note on Wednesday, August 12th.

Vistry Group Price Performance

VTY stock opened at GBX 263.40 on Monday. The stock has a market capitalization of £837.24 million, a price-to-earnings ratio of 6.27, a PEG ratio of -0.20 and a beta of 1.86. The firm's 50-day moving average price is GBX 277.45 and its two-hundred day moving average price is GBX 301.36. The company has a current ratio of 2.52, a quick ratio of 0.56 and a debt-to-equity ratio of 17.93. Vistry Group has a 12-month low of GBX 220 and a 12-month high of GBX 746.40.

Insiders Place Their Bets

In related news, insider Adam Daniels bought 38,372 shares of the company's stock in a transaction dated Wednesday, July 15th. The stock was purchased at an average cost of GBX 261 per share, with a total value of £100,150.92. Also, insider Paul Whetsell bought 15,000 shares of the business's stock in a transaction dated Tuesday, July 14th. The shares were bought at an average cost of GBX 253 per share, for a total transaction of £37,950. 1.23% of the stock is currently owned by insiders.

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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