Vistry Group (LON:VTY) Releases Quarterly Earnings Results

Vistry Group (LON:VTY) announced its quarterly earnings results on Wednesday. The company reported GBX 55.90 ($0.72) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%.

Vistry Group Stock Down 6.7 %

Shares of LON VTY opened at GBX 605 ($7.83) on Wednesday. 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 business has a 50-day moving average of GBX 607.28 and a 200-day moving average of GBX 780.86. The firm has a market capitalization of £1.98 billion, a price-to-earnings ratio of 8.04, a PEG ratio of -0.20 and a beta of 2.14. Vistry Group has a 12 month low of GBX 511 ($6.62) and a 12 month high of GBX 1,436 ($18.59).

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Berenberg Bank lowered their target price on shares of Vistry Group from GBX 750 ($9.71) to GBX 650 ($8.42) and set a “hold” rating on the stock in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lowered their price objective on Vistry Group from GBX 830 ($10.75) to GBX 690 ($8.93) and set a “neutral” rating on the stock in a research report on Thursday, December 5th.

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.