Berenberg Bank Reaffirms Hold Rating for Vistry Group (LON:VTY)

Vistry Group (LON:VTY)‘s stock had its “hold” rating reissued by Berenberg Bank in a research report issued on Monday, MarketBeat.com reports. They presently have a GBX 650 price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 7.65% from the stock’s current price.

Several other equities research analysts also recently commented on VTY. UBS Group restated a “sell” rating and issued a GBX 450 target price on shares of Vistry Group in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 684 target price on shares of Vistry Group in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Vistry Group in a report on Thursday, July 17th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of GBX 594.80.

Vistry Group Stock Down 4.6%

Shares of LON:VTY opened at GBX 603.80 on Monday. Vistry Group has a 52 week low of GBX 486.70 and a 52 week high of GBX 1,393. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64. The company’s fifty day moving average is GBX 615.46 and its 200-day moving average is GBX 612.08. The company has a market capitalization of £1.95 billion, a PE ratio of 2,769.72, a P/E/G ratio of -0.20 and a beta of 2.14.

Vistry Group announced that its Board of Directors has authorized a stock buyback program on Monday, August 11th 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 often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Greg Fitzgerald acquired 84,068 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was purchased at an average cost of GBX 590 per share, with a total value of £496,001.20. Over the last three months, insiders bought 84,139 shares of company stock worth $49,645,011. Insiders own 10.61% of the company’s stock.

Vistry Group Company Profile

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.