Vistry Group (LON:VTY) Stock Price Down 0.9% - Time to Sell?

Key Points

• Vistry Group's stock price has decreased by 0.9%, trading as low as GBX 621 ($8.38) with a significant decline in trading volume, down 74% from the average.
• A share repurchase program has been initiated by Vistry Group, indicating management's belief that its stock may be undervalued.
• Analysts hold a consensus "Hold" rating for Vistry Group, with one Buy, two Hold, and one Sell rating, and an average price target of GBX 631.

Vistry Group PLC (LON:VTY - Get Free Report) shares fell 0.9% on Wednesday . The stock traded as low as GBX 621 ($8.38) and last traded at GBX 626 ($8.45). 675,764 shares changed hands during trading, a decline of 74% from the average session volume of 2,597,990 shares. The stock had previously closed at GBX 632 ($8.53).

Analyst Ratings Changes

A number of research firms have weighed in on VTY. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 684 price objective on shares of Vistry Group in a research note on Friday, July 11th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Vistry Group in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of GBX 631.

Vistry Group Price Performance

The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15. The stock has a market capitalization of £2.05 billion, a price-to-earnings ratio of 8.32, a PEG ratio of -0.20 and a beta of 2.14. The stock has a 50-day moving average price of GBX 620.37 and a 200 day moving average price of GBX 612.06.

Vistry Group declared that its Board of Directors has initiated a share repurchase program on Monday, August 11th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Insider Activity at Vistry Group

In other Vistry Group news, insider Greg Fitzgerald bought 84,068 shares of Vistry Group stock in a transaction dated 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 purchased 84,139 shares of company stock valued at $49,645,011 in the last three months. 0.64% of the stock is owned by insiders.

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.

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