Vistry Group (LON:VTY) Shares Up 16% - Here's What Happened

Key Points

• Vistry Group shares jumped 16% to GBX 311.60, reaching as high as GBX 320.60, while trading volume surged 1,941% above the average session level.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating, with two Buy, four Hold and four Sell ratings, despite an average price target of GBX 465.60.
• Insiders recently bought shares, including Adam Daniels’ approximately £100,151 purchase and Paul Whetsell’s £37,950 purchase; insiders collectively own 1.23% of the company.

Vistry Group PLC (LON:VTY - Get Free Report)'s share price was up 16% during mid-day trading on Tuesday . The company traded as high as GBX 320.60 and last traded at GBX 311.60. 329,949,656 shares traded hands during mid-day trading, an increase of 1,941% from the average session volume of 16,163,027 shares. The stock had previously closed at GBX 268.60.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VTY shares. Royal Bank Of Canada restated an "underperform" rating and issued a GBX 180 price objective on shares of Vistry Group in a report on Thursday, July 9th. JPMorgan Chase & Co. reduced their target price on shares of Vistry Group from GBX 430 to GBX 210 and set an "underweight" rating on the stock in a report on Monday, June 15th. Finally, Jefferies Financial Group restated a "hold" rating and issued a GBX 274 price target on shares of Vistry Group in a research note on Wednesday, August 12th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of GBX 465.60.

Vistry Group Trading Up 16.0%

The company's fifty day moving average is GBX 265.58 and its two-hundred day moving average is GBX 358.19. The stock has a market cap of £989.61 million, a price-to-earnings ratio of 7.42, a PEG ratio of -0.20 and a beta of 1.85. The company has a quick ratio of 0.56, a current ratio of 2.52 and a debt-to-equity ratio of 17.93.

Insider Buying and Selling

In other news, insider Adam Daniels acquired 38,372 shares of Vistry Group stock in a transaction dated Wednesday, July 15th. The shares were acquired at an average cost of GBX 261 per share, for a total transaction of £100,150.92. Also, insider Paul Whetsell acquired 15,000 shares of the firm's stock in a transaction dated Tuesday, July 14th. The shares were purchased at an average cost of GBX 253 per share, with a total value of £37,950. Corporate insiders own 1.23% of the company's stock.

About Vistry Group

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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