Vistry Group (LON:VTY) Stock Price Down 2.1% - Here's Why

Key Points

• Vistry Group's stock price decreased by 2.1%, with shares trading as low as GBX 641.80 after a significant decline in trading volume.
• The company has faced mixed analyst ratings, with one Buy, four Hold, and two Sell ratings, leading to a consensus target price of GBX 600.43.
• Insider Greg Fitzgerald purchased 84,068 shares earlier this month, indicating insider confidence in the stock's future potential.

Shares of Vistry Group PLC (LON:VTY - Get Free Report) traded down 2.1% on Thursday . The stock traded as low as GBX 641.80 ($8.63) and last traded at GBX 649.80 ($8.74). 777,073 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 2,698,189 shares. The stock had previously closed at GBX 664 ($8.93).

Analyst Ratings Changes

A number of brokerages have recently commented on VTY. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Vistry Group in a report on Thursday, July 17th. Berenberg Bank reissued a "hold" rating and set a GBX 650 price objective on shares of Vistry Group in a report on Monday, September 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 684 price objective on shares of Vistry Group in a report on Friday, July 11th. Citigroup lowered their price objective on Vistry Group from GBX 602 to GBX 601 and set a "neutral" rating on the stock in a report on Thursday, September 11th. Finally, Jefferies Financial Group lowered their price objective on Vistry Group from GBX 634 to GBX 628 and set a "hold" rating on the stock in a report on Friday, September 12th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of GBX 600.43.

Vistry Group Stock Performance

The firm has a 50 day moving average of GBX 619.57 and a two-hundred day moving average of GBX 614.01. The stock has a market cap of £2.10 billion, a P/E ratio of 2,980.73, 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 (LON:VTY - Get Free Report) last announced its quarterly earnings data on Wednesday, September 10th. The company reported GBX 17.60 EPS for the quarter. Vistry Group had a return on equity of 7.69% and a net margin of 6.90%. On average, research analysts predict that Vistry Group PLC will post 108.4606345 EPS for the current fiscal year.

Vistry Group announced that its Board of Directors has approved a share buyback program on Monday, August 11th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Insider Activity at Vistry Group

In other news, insider Greg Fitzgerald acquired 84,068 shares of Vistry Group stock in a transaction on Tuesday, August 5th. The stock was bought at an average price of GBX 590 per share, for a total transaction of £496,001.20. In the last ninety days, insiders purchased 84,141 shares of company stock valued at $49,644,889. 10.61% of the stock is currently owned by company 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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