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)'s share price fell 0.9% during mid-day trading on Wednesday . The company traded as low as GBX 621 ($8.32) and last traded at GBX 626 ($8.38). 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 ($8.47).

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VTY. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 684 price objective on shares of Vistry Group in a research report on Friday, July 11th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Vistry Group in a research report on Thursday, July 17th. One 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of GBX 631.

Vistry Group Stock Down 4.6%

The stock's 50-day moving average price is GBX 618.82 and its two-hundred day moving average price is GBX 612.04. The stock has a market capitalization of £1.91 billion, a PE ratio of 2,706.88, a P/E/G ratio of -0.20 and a beta of 2.14. 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 announced that its Board of Directors has approved a stock buyback plan on Monday, August 11th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Greg Fitzgerald acquired 84,068 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average cost of GBX 590 per share, with a total value of £496,001.20. Over the last quarter, insiders have bought 84,139 shares of company stock worth $49,645,011. Corporate insiders own 10.49% 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.