Vistry Group (LON:VTY) Given New GBX 659 Price Target at Jefferies Financial Group

Vistry Group (LON:VTY) had its price target lifted by Jefferies Financial Group from GBX 608 to GBX 659 in a research note published on Monday, Marketbeat reports. The brokerage currently has a hold rating on the stock.

VTY has been the topic of several other reports. The Goldman Sachs Group initiated coverage on Vistry Group in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 731 price objective on the stock. Deutsche Bank Aktiengesellschaft upped their price target on Vistry Group from GBX 684 to GBX 803 and gave the company a “buy” rating in a report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Vistry Group from GBX 570 to GBX 640 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 629.25.

Vistry Group Stock Down 1.9%

Shares of Vistry Group stock opened at GBX 631.72 on Monday. The company has a 50-day simple moving average of GBX 639.15 and a two-hundred day simple moving average of GBX 630.96. The stock has a market capitalization of £2.02 billion, a PE ratio of 56.40, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. Vistry Group has a 52-week low of GBX 486.70 and a 52-week high of GBX 723.03. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64.

Vistry Group announced that its Board of Directors has approved a share buyback plan on Thursday, September 25th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are 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.