Vistry Group (LON:VTY) Price Target Raised to GBX 500 at Royal Bank Of Canada

Key Points

• Vistry Group's price target was raised by Royal Bank Of Canada from GBX 475 to GBX 500, despite maintaining an "underperform" rating, indicating a potential downside of 13.58% from the current price.
• The company is currently experiencing varied analyst ratings, with one "buy," three "hold," and two "sell" ratings, and a consensus price target of GBX 595.83.
• Vistry Group's management approved a stock buyback plan, which can suggest that the company's board believes the stock is currently undervalued.

Vistry Group (LON:VTY - Get Free Report) had its price objective upped by Royal Bank Of Canada from GBX 475 to GBX 500 in a research report issued on Wednesday, Marketbeat reports. The firm presently has an "underperform" rating on the stock. Royal Bank Of Canada's price objective points to a potential downside of 18.57% from the company's previous close.

A number of other research firms have also recently commented on VTY. Berenberg Bank restated a "hold" rating and issued a GBX 650 price target on shares of Vistry Group in a report on Monday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 684 price objective on shares of Vistry Group in a research note on Friday, July 11th. UBS Group reaffirmed a "sell" rating and issued a GBX 450 price objective on shares of Vistry Group in a research note on Friday, September 5th. Citigroup lowered their price objective on shares of Vistry Group from GBX 602 to GBX 601 and set a "neutral" rating for the company in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Vistry Group in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of GBX 600.43.

Vistry Group Trading Up 1.0%

VTY stock traded up GBX 6 during mid-day trading on Wednesday, reaching GBX 614. 1,114,073 shares of the stock traded hands, compared to its average volume of 2,817,367. 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 one year low of GBX 486.70 and a one year high of GBX 1,393. The stock has a market capitalization of £1.99 billion, a PE ratio of 2,816.51, a PEG ratio of -0.20 and a beta of 2.14. The business has a 50-day moving average price of GBX 612.64 and a two-hundred day moving average price of GBX 611.45.

Vistry Group (LON:VTY - Get Free Report) last posted its quarterly earnings data on Wednesday, September 10th. The company reported GBX 17.60 earnings per share for the quarter. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%. Equities research analysts expect that Vistry Group will post 108.4606345 EPS for the current year.

Vistry Group announced that its board has approved a stock buyback plan on Monday, August 11th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Insider Activity at Vistry Group

In other news, insider Greg Fitzgerald purchased 84,068 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was acquired at an average cost of GBX 590 per share, with a total value of £496,001.20. Insiders have bought 84,117 shares of company stock worth $49,630,249 over the last ninety days. Corporate insiders own 10.61% of the company's stock.

Vistry Group Company Profile

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.