Jefferies Financial Group Issues Pessimistic Forecast for Vistry Group (LON:VTY) Stock Price

Vistry Group (LON:VTY) had its target price cut by stock analysts at Jefferies Financial Group from GBX 634 to GBX 628 in a report issued on Friday, MarketBeat reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 6.59% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 684 price target on shares of Vistry Group in a report on Friday, July 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Vistry Group in a research report on Thursday, July 17th. Citigroup reduced their target price on shares of Vistry Group from GBX 602 to GBX 601 and set a “neutral” rating on the stock in a research report on Thursday. UBS Group reaffirmed a “sell” rating and issued a GBX 450 target price on shares of Vistry Group in a research report on Friday, September 5th. Finally, Royal Bank Of Canada upped their target price on shares of Vistry Group from GBX 475 to GBX 500 and gave the stock an “underperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Vistry Group has an average rating of “Reduce” and a consensus target price of GBX 600.43.

Vistry Group Stock Performance

LON:VTY opened at GBX 589.20 on Friday. The stock has a market cap of £1.91 billion, a P/E ratio of 2,702.75, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The firm’s fifty day simple moving average is GBX 612.77 and its 200 day simple moving average is GBX 611.43. Vistry Group has a twelve month low of GBX 486.70 and a twelve month high of GBX 1,393. 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 (LON:VTY) last released 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%. As a group, research analysts predict that Vistry Group will post 108.4606345 EPS for the current year.

Vistry Group declared that its board has initiated a stock buyback plan on Monday, August 11th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Vistry Group

In related news, insider Greg Fitzgerald bought 84,068 shares of the stock in a transaction on Tuesday, August 5th. The shares were acquired at an average price of GBX 590 per share, for a total transaction of £496,001.20. In the last quarter, insiders have bought 84,139 shares of company stock worth $49,645,011. 10.61% of the stock is currently owned by corporate insiders.

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.