Vistry Group PLC (LON:VTY) Receives Consensus Recommendation of “Hold” from Brokerages

Vistry Group PLC (LON:VTY) has earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 608.

A number of brokerages have recently weighed in on VTY. JPMorgan Chase & Co. lifted their price target on Vistry Group from GBX 570 to GBX 640 and gave the company a “neutral” rating in a report on Thursday, December 4th. The Goldman Sachs Group began coverage on Vistry Group in a research report on Monday, November 24th. They set a “buy” rating and a GBX 731 price objective for the company. UBS Group reiterated a “sell” rating and issued a GBX 450 target price on shares of Vistry Group in a report on Friday, September 5th. Royal Bank Of Canada increased their price target on shares of Vistry Group from GBX 475 to GBX 500 and gave the stock an “underperform” rating in a research report on Wednesday, September 10th. Finally, Jefferies Financial Group lowered their price objective on shares of Vistry Group from GBX 628 to GBX 608 and set a “hold” rating on the stock in a research report on Monday, November 10th.

Vistry Group Trading Down 2.2%

Vistry Group stock opened at GBX 626.83 on Friday. Vistry Group has a 52 week low of GBX 486.70 and a 52 week high of GBX 722.40. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64. The firm has a market capitalization of £2.01 billion, a price-to-earnings ratio of 55.97, a P/E/G ratio of -0.20 and a beta of 2.14. The company has a 50 day moving average price of GBX 640.37 and a 200 day moving average price of GBX 628.89.

Vistry Group declared that its board has approved a stock repurchase plan on Thursday, September 25th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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. The design and construction of our housing ranges blend tradition and innovation, creating homes and developments with contemporary living standards.

Following the acquisition of Countryside Partnerships, Vistry’s Partnerships division is a market leader in the high-growth partnerships business.