Vistry Group (LON:VTY) Shares Up 2.1% – What’s Next?

Shares of Vistry Group PLC (LON:VTY) traded up 2.1% during mid-day trading on Monday . The stock traded as high as GBX 705.60 and last traded at GBX 701.44. 1,509,878 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 4,556,686 shares. The stock had previously closed at GBX 686.80.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VTY. JPMorgan Chase & Co. raised their price objective on Vistry Group from GBX 570 to GBX 640 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Jefferies Financial Group lowered their price target on Vistry Group from GBX 628 to GBX 608 and set a “hold” rating for the company in a report on Monday, November 10th. Finally, The Goldman Sachs Group initiated coverage on Vistry Group in a research report on Monday, November 24th. They set a “buy” rating and a GBX 731 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 608.

Vistry Group Stock Up 2.1%

The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56. The company has a market capitalization of £2.24 billion, a price-to-earnings ratio of 62.63, a PEG ratio of -0.20 and a beta of 2.14. The firm has a 50-day moving average price of GBX 637.81 and a two-hundred day moving average price of GBX 630.73.

Vistry Group declared that its board has authorized a share repurchase program on Thursday, September 25th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are generally 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.