UBS Group Reiterates Sell Rating for Vistry Group (LON:VTY)

Key Points

• UBS Group has reaffirmed a "sell" rating on Vistry Group, with a price target of GBX 450, indicating a potential downside of 25.35% from the current stock price.
• In contrast, Deutsche Bank Aktiengesellschaft has issued a "buy" rating with a price target of GBX 684, while the average rating from various analysts is "Reduce" with a price target of GBX 594.80.
• Insider Greg Fitzgerald purchased 84,068 shares at GBX 590 each, reflecting confidence amid varying analyst ratings, and insiders collectively own 10.61% of the stock.

UBS Group restated their sell rating on shares of Vistry Group (LON:VTY - Free Report) in a research note released on Friday morning, Marketbeat.com reports. They currently have a GBX 450 target price on the stock.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 684 price target on shares of Vistry Group in a research note on Friday, July 11th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Vistry Group in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Vistry Group presently has an average rating of "Reduce" and an average price target of GBX 594.80.

Vistry Group Price Performance

VTY stock traded up GBX 21.62 during mid-day trading on Friday, hitting GBX 621.02. 58,831,211 shares of the stock were exchanged, compared to its average volume of 2,860,024. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56. The business has a fifty day moving average price of GBX 616.47 and a 200 day moving average price of GBX 611.97. Vistry Group has a 12 month low of GBX 486.70 and a 12 month high of GBX 1,436. The stock has a market capitalization of £2.01 billion, a price-to-earnings ratio of 2,848.72, a PEG ratio of -0.20 and a beta of 2.14.

Vistry Group declared that its Board of Directors has initiated a share repurchase plan on Monday, August 11th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Insider Transactions at Vistry Group

In other Vistry Group news, insider Greg Fitzgerald purchased 84,068 shares of Vistry Group stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of GBX 590 per share, for a total transaction of £496,001.20. In the last quarter, insiders bought 84,139 shares of company stock worth $49,645,011. 10.61% of the stock is 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.