Vistry Group (LON:VTY) Earns Hold Rating from Berenberg Bank

Key Points

• Berenberg Bank has reissued a "hold" rating for Vistry Group with a price objective of GBX 650, suggesting a potential upside of 6% from its previous close.
• Vistry Group's stock recently experienced a decline of 3.1%, trading at GBX 613.20, with a market capitalization of £1.98 billion.
• Insider transactions indicate confidence in the company as insider Greg Fitzgerald purchased 84,068 shares at an average price of GBX 590, totaling approximately £496,001.

Vistry Group (LON:VTY - Get Free Report)'s stock had its "hold" rating restated by equities researchers at Berenberg Bank in a report issued on Monday, MarketBeat Ratings reports. They currently have a GBX 650 price objective on the stock. Berenberg Bank's price objective would indicate a potential upside of 10.32% from the stock's previous close.

Several other brokerages have also recently issued reports on VTY. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 684 price objective on shares of Vistry Group in a research note on Friday, July 11th. UBS Group restated a "sell" rating and set a GBX 450 price objective on shares of Vistry Group in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of Vistry Group in a research note on Thursday, July 17th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of GBX 600.43.

Vistry Group Stock Up 0.6%

Shares of VTY stock traded up GBX 3.80 during mid-day trading on Monday, reaching GBX 589.20. 908,414 shares of the company were exchanged, compared to its average volume of 2,832,346. The business's 50 day simple moving average is GBX 612.77 and its 200 day simple moving average is GBX 611.43. Vistry Group has a fifty-two week low of GBX 486.70 and a fifty-two week high of GBX 1,393. The company has a market capitalization of £1.91 billion, a P/E ratio of 2,702.75, a P/E/G ratio of -0.20 and a beta of 2.14. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64.

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 return on equity of 7.69% and a net margin of 6.90%. Research analysts predict that Vistry Group will post 108.4606345 earnings per share for the current year.

Vistry Group announced that its board has initiated a share repurchase plan on Monday, August 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Insider Transactions at Vistry Group

In related news, insider Greg Fitzgerald bought 84,068 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were bought at an average cost of GBX 590 per share, for a total transaction of £496,001.20. Insiders acquired 84,139 shares of company stock valued at $49,645,011 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.