Vistry Group (LON:VTY) Trading 9.4% Higher - Here's What Happened

Vistry Group PLC (LON:VTY - Get Free Report)'s share price shot up 9.4% during trading on Wednesday . The stock traded as high as GBX 654 ($8.87) and last traded at GBX 654 ($8.87). 2,555,235 shares changed hands 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 ($8.10).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upped their price objective on Vistry Group from GBX 475 ($6.44) to GBX 500 ($6.78) and gave the company an "underperform" rating in a report on Friday, March 28th.

Vistry Group Stock Performance

The stock has a 50-day moving average of GBX 603.36 and a 200 day moving average of GBX 605.09. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56. The stock has a market capitalization of £2.23 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14.

Vistry Group (LON:VTY - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported GBX 55.90 ($0.76) earnings per share for the quarter. Vistry Group had a return on equity of 7.69% and a net margin of 6.90%. On average, analysts expect that Vistry Group PLC will post 108.4606345 EPS for the current year.

Insider Buying and Selling at Vistry Group

In other news, insider Tim Lawlor sold 2,234 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of GBX 593 ($8.04), for a total value of £13,247.62 ($17,958.00). Also, insider Helen Owers sold 3,734 shares of the business's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of GBX 528 ($7.16), for a total transaction of £19,715.52 ($26,725.66). In the last three months, insiders have purchased 75 shares of company stock worth $45,120. Corporate 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.