Stock Buyback Program Initiated by Vistry Group (LON:VTY)

Vistry Group (LON:VTY) announced that its Board of Directors has initiated a share repurchase plan on Monday, October 20th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Vistry Group Price Performance

LON VTY opened at GBX 630.40 on Tuesday. Vistry Group has a 12 month low of GBX 486.70 and a 12 month high of GBX 1,003. The stock has a market cap of £2.03 billion, a price-to-earnings ratio of 56.29, a PEG ratio of -0.20 and a beta of 2.14. The company’s 50 day moving average is GBX 628.29 and its two-hundred day moving average is GBX 617.30. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15.

Vistry Group (LON:VTY) last released its earnings results on Wednesday, September 10th. The company reported GBX 17.60 EPS 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 anticipate that Vistry Group will post 108.4606345 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VTY. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Vistry Group in a report on Thursday, July 17th. Jefferies Financial Group dropped their price target on shares of Vistry Group from GBX 634 to GBX 628 and set a “hold” rating on the stock in a report on Friday, September 12th. Citigroup dropped their price target on shares of Vistry Group from GBX 602 to GBX 601 and set a “neutral” rating on the stock in a report on Thursday, September 11th. Berenberg Bank reiterated a “hold” rating and issued a GBX 650 price objective on shares of Vistry Group in a research note on Monday, September 8th. Finally, Royal Bank Of Canada increased their price objective on shares of Vistry Group from GBX 475 to GBX 500 and gave the stock an “underperform” rating in a research note on Wednesday, September 10th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of GBX 600.43.

Insider Buying and Selling

In other news, insider Greg Fitzgerald bought 84,068 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were bought at an average price of GBX 590 per share, for a total transaction of £496,001.20. In the last quarter, insiders have purchased 84,139 shares of company stock worth $49,644,909. 10.64% of the stock is currently owned by company 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.