Vistry Group (LON:VTY) to Repurchase 0 Outstanding Shares

Vistry Group (LON:VTY) announced that its Board of Directors has authorized a share repurchase plan on Thursday, September 25th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have commented on VTY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 684 price objective 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. Royal Bank Of Canada raised their price target on shares of Vistry Group from GBX 475 to GBX 500 and gave the stock an “underperform” rating in a report on Wednesday, September 10th. Citigroup decreased their target price on shares of Vistry Group from GBX 602 to GBX 601 and set a “neutral” rating for the company in a research report on Thursday, September 11th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 650 target price on shares of Vistry Group in a report on Monday, September 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of GBX 600.43.

Vistry Group Trading Down 2.6%

LON:VTY opened at GBX 617.80 on Friday. The business’s 50-day simple moving average is GBX 616.46 and its 200-day simple moving average is GBX 612.52. The stock has a market capitalization of £2.00 billion, a PE ratio of 2,833.94, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. 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 has a fifty-two week low of GBX 486.70 and a fifty-two week high of GBX 1,373.

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 return on equity of 7.69% and a net margin of 6.90%. Sell-side analysts expect that Vistry Group will post 108.4606345 earnings per share for the current fiscal year.

Insider Activity

In other Vistry Group news, insider Greg Fitzgerald acquired 84,068 shares of Vistry Group stock in a transaction that occurred on Tuesday, August 5th. The shares were acquired at an average cost of GBX 590 per share, with a total value of £496,001.20. In the last 90 days, insiders acquired 84,141 shares of company stock valued at $49,644,889. Company insiders own 10.61% of the company’s stock.

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.