Vistry Group (LON:VTY) Reaches New 12-Month Low on Analyst Downgrade

Vistry Group PLC (LON:VTY)’s stock price hit a new 52-week low during mid-day trading on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 640 to GBX 530. JPMorgan Chase & Co. currently has a neutral rating on the stock. Vistry Group traded as low as GBX 414.10 and last traded at GBX 416.90, with a volume of 7471383 shares. The stock had previously closed at GBX 421.90.

Several other equities research analysts have also recently weighed in on the company. Jefferies Financial Group upped their target price on Vistry Group from GBX 608 to GBX 659 and gave the stock a “hold” rating in a research note on Monday, January 19th. The Goldman Sachs Group assumed coverage on Vistry Group in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 731 price target on the stock. Deutsche Bank Aktiengesellschaft cut Vistry Group to a “hold” rating and lowered their price target for the stock from GBX 803 to GBX 600 in a report on Thursday, March 5th. Stifel Nicolaus upgraded Vistry Group to a “buy” rating and dropped their price objective for the stock from GBX 670 to GBX 610 in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada decreased their target price on Vistry Group from GBX 475 to GBX 385 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vistry Group has an average rating of “Hold” and a consensus target price of GBX 579.56.

Insider Buying and Selling

In related news, insider Paul Whetsell acquired 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average price of GBX 474 per share, with a total value of £28,440. Over the last ninety days, insiders have purchased 6,068 shares of company stock valued at $2,888,769. 9.99% of the stock is owned by corporate insiders.

Vistry Group Stock Down 2.9%

The company has a market capitalization of £1.28 billion, a price-to-earnings ratio of 35.95, a P/E/G ratio of -0.20 and a beta of 1.65. The company has a debt-to-equity ratio of 17.93, a current ratio of 2.52 and a quick ratio of 0.56. The firm’s fifty day moving average price is GBX 649.85 and its 200-day moving average price is GBX 639.14.

Vistry Group (LON:VTY) last released its quarterly earnings data on Wednesday, March 4th. The company reported GBX 59.30 earnings per share for the quarter. Vistry Group had a return on equity of 4.20% and a net margin of 3.82%. Sell-side analysts expect that Vistry Group PLC will post 108.4606345 earnings per share for the current fiscal year.

Vistry Group declared that its board has approved a stock repurchase plan on Monday, February 2nd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Vistry Group Company Profile

Vistry Group is a leading homebuilder developing in partnership to deliver sustainable homes, communities, and social value, leaving a lasting legacy of places where people love to live.

Operating across 25 regions, we build homes for those who need them right across the UK. Our partners include Registered Providers, Local Authorities, Homes England and Private Rented Sector providers.

Our timber manufacturing capability, Vistry Works, is at the core of our strategy to deliver more quality homes, faster.

We sell homes on the open market through three respected brands: Bovis Homes, Linden Homes, and Countryside Homes.