Vistry Group (LON:VTY) Price Target Raised to GBX 659

Vistry Group (LON:VTY) had its price target boosted by equities research analysts at Jefferies Financial Group from GBX 608 to GBX 659 in a note issued to investors on Monday,Digital Look reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 2.30% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Vistry Group from GBX 570 to GBX 640 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. The Goldman Sachs Group began coverage on shares of Vistry Group in a research note on Monday, November 24th. They set a “buy” rating and a GBX 731 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Vistry Group from GBX 684 to GBX 803 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Vistry Group presently has a consensus rating of “Hold” and an average price target of GBX 629.25.

Vistry Group Stock Performance

Shares of VTY stock traded down GBX 8 during trading hours on Monday, reaching GBX 644.20. 648,335 shares of the company traded hands, compared to its average volume of 3,760,410. The firm has a 50-day moving average price of GBX 639.16 and a 200 day moving average price of GBX 630.91. The company has a market cap of £2.06 billion, a P/E ratio of 57.52, a P/E/G ratio of -0.20 and a beta of 2.14. Vistry Group has a 12-month low of GBX 486.70 and a 12-month high of GBX 723.03. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56.

Vistry Group declared that its board has approved a stock repurchase program on Thursday, September 25th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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. The design and construction of our housing ranges blend tradition and innovation, creating homes and developments with contemporary living standards.

Following the acquisition of Countryside Partnerships, Vistry’s Partnerships division is a market leader in the high-growth partnerships business.