Berenberg Bank Cuts Vistry Group (LON:VTY) Price Target to GBX 252

Vistry Group (LON:VTY) had its target price trimmed by Berenberg Bank from GBX 263 to GBX 252 in a report published on Monday,Digital Look reports. The brokerage currently has a hold rating on the stock.

A number of other equities analysts also recently commented on VTY. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 274 price target on shares of Vistry Group in a research note on Friday, September 25th. Royal Bank Of Canada restated an “underperform” rating and set a GBX 180 price objective on shares of Vistry Group in a research note on Friday, September 18th. Finally, JPMorgan Chase & Co. reduced their target price on Vistry Group from GBX 430 to GBX 210 and set an “underweight” rating on the stock in a report on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Vistry Group has a consensus rating of “Reduce” and a consensus price target of GBX 400.88.

Vistry Group Trading Down 2.4%

LON VTY opened at GBX 257.80 on Monday. The company has a market capitalization of £819.44 million, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of -0.20 and a beta of 1.86. The company has a debt-to-equity ratio of 30.07, a current ratio of 2.36 and a quick ratio of 0.56. Vistry Group has a 12 month low of GBX 220 and a 12 month high of GBX 746.40. The company’s fifty day moving average price is GBX 276.94 and its two-hundred day moving average price is GBX 290.45.

Vistry Group (LON:VTY) last released its earnings results on Thursday, September 24th. The company reported GBX (18.80) earnings per share for the quarter. Vistry Group had a negative return on equity of 16.57% and a negative net margin of 14.73%. As a group, research analysts predict that Vistry Group will post 108.4606345 earnings per share for the current fiscal year.

Insider Activity

In other Vistry Group news, insider Paul Whetsell acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 14th. The shares were purchased at an average price of GBX 253 per share, for a total transaction of £37,950. Also, insider Adam Daniels bought 38,372 shares of the business’s stock in a transaction on Wednesday, July 15th. The stock was acquired at an average cost of GBX 261 per share, for a total transaction of £100,150.92. Insiders own 1.23% of the company’s stock.

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.