Vistry Group (LON:VTY) Shares Down 12.2% - What's Next?

Key Points

• Vistry Group shares fell 12.2% to GBX 249 in mid-day trading, with about 7.1 million shares changing hands. The stock is down significantly from its 200-day moving average of GBX 388.44.
• Analyst sentiment remains cautious: the consensus rating is “Reduce”, with two Buy, four Hold, and four Sell ratings. Recent price targets include GBX 180 from RBC, GBX 210 from JPMorgan, and GBX 251 from Jefferies.
• Despite the decline, insiders bought 53,429 shares worth approximately $13.8 million over the last quarter, including purchases by Adam Daniels and Paul Whetsell.

Vistry Group PLC (LON:VTY - Get Free Report)'s stock price fell 12.2% during mid-day trading on Monday . The company traded as low as GBX 249 and last traded at GBX 249. Approximately 7,073,211 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 15,037,994 shares. The stock had previously closed at GBX 283.60.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Royal Bank Of Canada reiterated an "underperform" rating and issued a GBX 180 target price on shares of Vistry Group in a report on Thursday, July 9th. JPMorgan Chase & Co. lowered their price target on Vistry Group from GBX 430 to GBX 210 and set an "underweight" rating on the stock in a research report on Monday, June 15th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 251 price target on shares of Vistry Group in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, Vistry Group currently has an average rating of "Reduce" and a consensus target price of GBX 463.30.

Vistry Group Trading Down 12.2%

The company has a debt-to-equity ratio of 17.93, a current ratio of 2.52 and a quick ratio of 0.56. The company has a market capitalization of £790.80 million, a price-to-earnings ratio of 5.93, a price-to-earnings-growth ratio of -0.20 and a beta of 1.84. The business has a fifty day moving average price of GBX 262.01 and a 200 day moving average price of GBX 388.44.

Insider Buying and Selling at Vistry Group

In related news, insider Adam Daniels purchased 38,372 shares of Vistry Group stock in a transaction on Wednesday, July 15th. The stock was purchased at an average cost of GBX 261 per share, with a total value of £100,150.92. Also, insider Paul Whetsell purchased 15,000 shares of the firm's stock in a transaction on Tuesday, July 14th. The stock was bought at an average price of GBX 253 per share, for a total transaction of £37,950. Over the last quarter, insiders have purchased 53,429 shares of company stock valued at $13,825,254. Corporate insiders own 1.23% of the company's stock.

About Vistry Group

Vistry Group is a leading homebuilder developing in partnership to deliver sustainable homes, communities, and social value, leaving a lasting legacy of places where people love to live. Operating across 25 regions, we build homes for those who need them right across the UK. Our partners include Registered Providers, Local Authorities, Homes England and Private Rented Sector providers. Our timber manufacturing capability, Vistry Works, is at the core of our strategy to deliver more quality homes, faster. We sell homes on the open market through three respected brands: Bovis Homes, Linden Homes, and Countryside Homes.

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