Vistry Group (LON:VTY) Price Target Lowered to GBX 628 at Jefferies Financial Group

Key Points

• Jefferies Financial Group has lowered its price target for Vistry Group from GBX 634 to GBX 628, maintaining a "hold" rating and suggesting a potential upside of 6.34% from the previous close.
• Royal Bank of Canada has also revised its price target to GBX 500 while giving an "underperform" rating, while Deutsche Bank maintains a "buy" rating with a target of GBX 684.
• Insider Greg Fitzgerald acquired 84,068 shares at an average price of GBX 590, indicating insider confidence in the company's stock despite recent price target adjustments.

Vistry Group (LON:VTY - Get Free Report) had its price objective cut by stock analysts at Jefferies Financial Group from GBX 634 to GBX 628 in a report released on Friday,Digital Look reports. The brokerage currently has a "hold" rating on the stock. Jefferies Financial Group's price objective indicates a potential upside of 6.34% from the company's previous close.

Several other research firms have also recently weighed in on VTY. Royal Bank Of Canada raised their price target on Vistry Group from GBX 475 to GBX 500 and gave the company an "underperform" rating in a report on Wednesday. UBS Group restated a "sell" rating and set a GBX 450 price target on shares of Vistry Group in a research report on Friday, September 5th. Berenberg Bank reiterated a "hold" rating and issued a GBX 650 price objective on shares of Vistry Group in a research report on Monday. JPMorgan Chase & Co. restated a "neutral" rating on shares of Vistry Group in a research note on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 684 target price on shares of Vistry Group in a research note on Friday, July 11th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of GBX 600.43.

Vistry Group Stock Performance

Shares of VTY opened at GBX 590.58 on Friday. The stock's 50-day simple moving average is GBX 613.72 and its 200 day simple moving average is GBX 611.72. The stock has a market capitalization of £1.91 billion, a price-to-earnings ratio of 2,709.08, a price-to-earnings-growth 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 has a 52-week low of GBX 486.70 and a 52-week high of GBX 1,393.

Vistry Group (LON:VTY - Get Free Report) last issued 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 forecast that Vistry Group will post 108.4606345 EPS for the current fiscal year.

Vistry Group announced that its Board of Directors has approved a stock buyback program on Monday, August 11th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at Vistry Group

In other news, insider Greg Fitzgerald acquired 84,068 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was bought at an average price of GBX 590 per share, with a total value of £496,001.20. Insiders acquired a total of 84,139 shares of company stock valued at $49,645,011 over the last three months. 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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