Share Repurchase Plan Initiated by Vistry Group (LON:VTY) Board of Directors

Key Points

• Vistry Group has initiated a stock repurchase plan to buy back shares, indicating that the company's leadership believes its shares are currently undervalued.
• The company's stock price was trading at GBX 617.80 with a market capitalization of £2.00 billion, alongside notable metrics such as a high price-to-earnings ratio of 2,833.94.
• Insider purchasing activity has been noted, with Greg Fitzgerald acquiring 84,068 shares, reflecting confidence in the company's future prospects.

Vistry Group (LON:VTY - Get Free Report) announced that its Board of Directors has initiated a stock repurchase plan on Thursday, September 25th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Vistry Group Price Performance

Shares of Vistry Group stock traded down GBX 16.80 during midday trading on Thursday, reaching GBX 617.80. The company had a trading volume of 639,380 shares, compared to its average volume of 2,751,907. Vistry Group has a 1-year low of GBX 486.70 and a 1-year high of GBX 1,373. The company has a market capitalization of £2.00 billion, a price-to-earnings ratio of 2,833.94, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15. The stock has a fifty day simple moving average of GBX 616.46 and a 200 day simple moving average of GBX 612.52.

Vistry Group (LON:VTY - Get Free Report) last announced 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%. As a group, equities research analysts forecast that Vistry Group will post 108.4606345 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VTY has been the topic of a number of research reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Vistry Group in a research note on Thursday, July 17th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 650 price target on shares of Vistry Group in a research note on Monday, September 8th. 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. Citigroup dropped their price target on shares of Vistry Group from GBX 602 to GBX 601 and set a "neutral" rating on the stock in a research note on Thursday, September 11th. Finally, Royal Bank Of Canada upped their price objective on shares of Vistry Group from GBX 475 to GBX 500 and gave the stock an "underperform" rating in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of GBX 600.43.

Insider Activity at Vistry Group

In other Vistry Group news, insider Greg Fitzgerald purchased 84,068 shares of the stock in a transaction on Tuesday, August 5th. The shares were purchased at an average cost of GBX 590 per share, for a total transaction of £496,001.20. Insiders have acquired 84,141 shares of company stock worth $49,644,889 in the last quarter. Company 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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