Vistry Group (LON:VTY) Stock Price Down 3.5% - Here's Why

Key Points

• Vistry Group shares fell 3.5% to GBX 271.60, with trading volume significantly below the stock’s average daily level.
• Analyst sentiment remains cautious: JPMorgan cut its price target to GBX 210 with an “underweight” rating, while the consensus rating is “Reduce” despite a GBX 422.14 average target.
• Insiders recently bought shares, including purchases by Adam Daniels and Paul Whetsell totaling more than £138,000; insiders own 1.23% of the company.

Vistry Group PLC (LON:VTY - Get Free Report)'s stock price dropped 3.5% during trading on Thursday . The stock traded as low as GBX 269 and last traded at GBX 271.60. 1,906,852 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 13,527,597 shares. The stock had previously closed at GBX 281.40.

Analyst Ratings Changes

Several research analysts have recently weighed in on VTY shares. JPMorgan Chase & Co. decreased their price target 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. Jefferies Financial Group reissued a "hold" rating and set a GBX 274 price objective on shares of Vistry Group in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada reaffirmed an "underperform" rating and issued a GBX 180 price target on shares of Vistry Group in a report on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of GBX 422.14.

Vistry Group Trading Down 3.5%

The company has a debt-to-equity ratio of 17.93, a quick ratio of 0.56 and a current ratio of 2.52. The firm has a market cap of £863.31 million, a PE ratio of 6.47, a PEG ratio of -0.20 and a beta of 1.86. The stock's 50 day simple moving average is GBX 277.01 and its 200 day simple moving average is GBX 304.21.

Insiders Place Their Bets

In related news, insider Adam Daniels bought 38,372 shares of the business's stock in a transaction that occurred on Wednesday, July 15th. The stock was bought at an average cost of GBX 261 per share, for a total transaction of £100,150.92. Also, insider Paul Whetsell bought 15,000 shares of Vistry Group stock in a transaction that occurred on Tuesday, July 14th. The stock was purchased at an average cost of GBX 253 per share, for a total transaction of £37,950. 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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