JPMorgan Chase & Co. Issues Positive Forecast for Vistry Group (LON:VTY) Stock Price

Vistry Group (LON:VTY) had its target price raised by JPMorgan Chase & Co. from GBX 570 to GBX 640 in a report issued on Thursday morning, Marketbeat reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also recently issued reports on VTY. The Goldman Sachs Group started coverage on shares of Vistry Group in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 731 price objective for the company. Berenberg Bank reiterated a “hold” rating and issued a GBX 650 price target on shares of Vistry Group in a report on Monday, September 8th. Citigroup dropped their price objective on Vistry Group from GBX 602 to GBX 601 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. UBS Group restated a “sell” rating and set a GBX 450 price objective on shares of Vistry Group in a report on Friday, September 5th. Finally, Royal Bank Of Canada upped their target price on Vistry Group from GBX 475 to GBX 500 and gave the stock an “underperform” rating in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 608.

Vistry Group Price Performance

VTY opened at GBX 655 on Thursday. The business has a fifty day moving average of GBX 643.55 and a 200 day moving average of GBX 627.89. The stock has a market cap of £2.10 billion, a P/E ratio of 58.48, a PEG ratio of -0.20 and a beta of 2.14. 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 52-week low of GBX 486.70 and a 52-week high of GBX 722.40.

Vistry Group (LON:VTY) last released its 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%. As a group, sell-side analysts anticipate that Vistry Group will post 108.4606345 EPS for the current year.

Vistry Group declared that its board has approved a stock buyback program on Monday, August 11th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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.