Vistry Group (LON:VTY) Reaches New 52-Week High – Should You Buy?

Vistry Group PLC (LON:VTY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 730 and last traded at GBX 727.86, with a volume of 20355791 shares traded. The stock had previously closed at GBX 699.

Wall Street Analyst Weigh In

VTY has been the subject of several recent research reports. The Goldman Sachs Group started coverage on Vistry Group in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 731 price target for the company. Jefferies Financial Group boosted their target price on shares of Vistry Group from GBX 608 to GBX 659 and gave the company a “hold” rating in a research report on Monday, January 19th. JPMorgan Chase & Co. raised 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Vistry Group from GBX 684 to GBX 803 and gave the company a “buy” rating in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 629.25.

Vistry Group Price Performance

The company has a quick ratio of 0.56, a current ratio of 2.64 and a debt-to-equity ratio of 22.15. The stock has a market capitalization of £2.32 billion, a price-to-earnings ratio of 65.03, a P/E/G ratio of -0.20 and a beta of 2.14. The business’s 50 day simple moving average is GBX 649.01 and its 200-day simple moving average is GBX 636.90.

Vistry Group declared that its Board of Directors has initiated a share repurchase plan on Monday, October 20th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is 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.