Vistry Group (LON:VTY) Trading 13.6% Higher – Here’s What Happened

Vistry Group PLC (LON:VTY)’s share price shot up 13.6% during trading on Wednesday . The stock traded as high as GBX 378.20 and last traded at GBX 372.80. 17,189,061 shares traded hands during trading, an increase of 6% from the average session volume of 16,268,880 shares. The stock had previously closed at GBX 328.20.

Analysts Set New Price Targets

Several research firms have commented on VTY. Bank of America lowered their target price on shares of Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating on the stock in a research report on Monday, March 30th. JPMorgan Chase & Co. lowered their target price on shares of Vistry Group from GBX 640 to GBX 530 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. Stifel Nicolaus raised shares of Vistry Group to a “buy” rating and lowered their target price for the stock from GBX 670 to GBX 610 in a research report on Thursday, March 5th. Royal Bank Of Canada lowered their target price on shares of Vistry Group from GBX 475 to GBX 385 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Finally, Jefferies Financial Group increased their target price on shares of Vistry Group from GBX 608 to GBX 659 and gave the stock a “hold” rating in a research report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 556.60.

Vistry Group Price Performance

The company has a quick ratio of 0.56, a current ratio of 2.52 and a debt-to-equity ratio of 17.93. The stock has a market capitalization of £1.17 billion, a price-to-earnings ratio of 8.76, a P/E/G ratio of -0.20 and a beta of 1.97. The company’s 50-day simple moving average is GBX 535.37 and its 200 day simple moving average is GBX 604.33.

Vistry Group (LON:VTY) last issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Vistry Group had a return on equity of 4.20% and a net margin of 3.82%. Equities research analysts forecast that Vistry Group PLC will post 108.4606345 EPS for the current year.

Vistry Group announced that its Board of Directors has initiated a stock buyback plan on Monday, February 2nd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other Vistry Group news, insider Paul Whetsell purchased 6,000 shares of the stock in a transaction dated Wednesday, March 4th. The shares were bought at an average cost of GBX 474 per share, with a total value of £28,440. Also, insider Greg Fitzgerald sold 34,642 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of GBX 357, for a total value of £123,671.94. Over the last ninety days, insiders have acquired 6,082 shares of company stock valued at $2,889,121. 9.99% of the stock is owned by insiders.

About Vistry Group

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.