Vistry Group (LON:VTY) Shares Up 9.4% - Here's Why

Vistry Group PLC (LON:VTY - Get Free Report)'s share price shot up 9.4% during mid-day trading on Tuesday . The company traded as high as GBX 654 ($8.87) and last traded at GBX 654 ($8.87). 2,555,235 shares were traded during trading, a decline of 26% from the average session volume of 3,431,356 shares. The stock had previously closed at GBX 597.80 ($8.11).

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their target price on shares of Vistry Group from GBX 475 ($6.45) to GBX 500 ($6.78) and gave the company an "underperform" rating in a research report on Friday, March 28th.

Vistry Group Stock Down 2.3%

The firm has a market capitalization of £2.18 billion, a price-to-earnings ratio of 8.87, a P/E/G ratio of -0.20 and a beta of 2.14. The business's 50-day moving average is GBX 609.11 and its two-hundred day moving average is GBX 605.31. 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 results on Wednesday, March 26th. The company reported GBX 55.90 ($0.76) earnings per share for the quarter. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%. On average, equities analysts anticipate that Vistry Group PLC will post 108.4606345 earnings per share for the current year.

Insider Activity at Vistry Group

In related news, insider Tim Lawlor sold 2,234 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of GBX 593 ($8.05), for a total transaction of £13,247.62 ($17,975.06). Also, insider Helen Owers sold 3,734 shares of the stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of GBX 528 ($7.16), for a total value of £19,715.52 ($26,751.04). Insiders have bought 75 shares of company stock worth $45,120 in the last ninety days. Company insiders own 0.64% 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.