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 - Free Report) had its target price cut by Jefferies Financial Group from GBX 634 to GBX 628 in a research note issued to investors on Friday, Marketbeat.com reports. They currently have a hold rating on the stock.

Several other research analysts have also issued reports on VTY. UBS Group restated a "sell" rating and issued a GBX 450 price target on shares of Vistry Group in a research report on Friday, September 5th. Royal Bank Of Canada upped their price target on Vistry Group from GBX 475 to GBX 500 and gave the company an "underperform" rating in a report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 684 price target on shares of Vistry Group in a report on Friday, July 11th. Citigroup dropped their price target on 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, Berenberg Bank reaffirmed a "hold" rating and set a GBX 650 price objective on shares of Vistry Group in a research note on Monday, September 8th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of GBX 600.43.

Vistry Group Price Performance

LON:VTY traded up GBX 27.40 during midday trading on Friday, hitting GBX 641.40. 1,587,117 shares of the stock were exchanged, compared to its average volume of 2,810,250. Vistry Group has a one year low of GBX 486.70 and a one year high of GBX 1,387. The company has a market capitalization of £2.07 billion, a price-to-earnings ratio of 2,942.20, a P/E/G ratio of -0.20 and a beta of 2.14. The business has a 50-day moving average price of GBX 612.60 and a two-hundred day moving average price of GBX 611.46. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15.

Vistry Group (LON:VTY - Get Free Report) last announced its earnings results on Wednesday, September 10th. The company reported GBX 17.60 EPS for the quarter. Vistry Group had a return on equity of 7.69% and a net margin of 6.90%. Sell-side analysts predict that Vistry Group will post 108.4606345 EPS for the current year.

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

Insider Activity at Vistry Group

In related news, insider Greg Fitzgerald purchased 84,068 shares of the stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average cost of GBX 590 per share, for a total transaction of £496,001.20. Insiders acquired a total of 84,141 shares of company stock valued at $49,644,889 over the last ninety days. 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.