Vistry Group (LON:VTY) Price Target Lowered to GBX 601 at Citigroup

Vistry Group (LON:VTY) had its target price cut by Citigroup from GBX 602 to GBX 601 in a report released on Thursday, Marketbeat Ratings reports. They currently have a neutral rating on the stock.

Other research analysts have also issued reports about the company. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 650 target price on shares of Vistry Group in a research report on Monday. UBS Group reissued a “sell” rating and issued a GBX 450 price target on shares of Vistry Group in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 684 price objective on shares of Vistry Group in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Vistry Group in a research note on Thursday, July 17th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of GBX 595.83.

Vistry Group Trading Up 2.8%

Shares of LON:VTY opened at GBX 585.40 on Thursday. The firm has a fifty day moving average of GBX 613.72 and a two-hundred day moving average of GBX 611.72. The company has a quick ratio of 0.56, a current ratio of 2.64 and a debt-to-equity ratio of 22.15. Vistry Group has a 12-month low of GBX 486.70 and a 12-month high of GBX 1,393. The firm has a market capitalization of £1.89 billion, a P/E ratio of 2,685.32, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14.

Vistry Group (LON:VTY) last posted its quarterly earnings results on Wednesday, September 10th. The company reported GBX 17.60 earnings per share for the quarter. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%. On average, equities analysts expect that Vistry Group will post 108.4606345 EPS for the current fiscal year.

Vistry Group declared that its Board of Directors has authorized a share buyback plan on Monday, August 11th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Vistry Group

In other news, insider Greg Fitzgerald purchased 84,068 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were bought at an average price of GBX 590 per share, with a total value of £496,001.20. Insiders purchased a total of 84,139 shares of company stock worth $49,645,011 over the last three months. 10.61% of the stock is owned by corporate insiders.

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.