Vistry Group (LON:VTY) Hits New 1-Year Low Following Analyst Downgrade

Vistry Group PLC (LON:VTY)’s stock price reached a new 52-week low on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 640 to GBX 530. JPMorgan Chase & Co. currently has a neutral rating on the stock. Vistry Group traded as low as GBX 414.10 and last traded at GBX 416.90, with a volume of 7471383 shares changing hands. The stock had previously closed at GBX 421.90.

Several other research firms have also weighed in on VTY. Jefferies Financial Group lifted their price objective on shares of Vistry Group from GBX 608 to GBX 659 and gave the company a “hold” rating in a research note on Monday, January 19th. The Goldman Sachs Group initiated coverage on shares of Vistry Group in a report on Monday, November 24th. They issued a “buy” rating and a GBX 731 price target for the company. Royal Bank Of Canada decreased their price target on shares of Vistry Group from GBX 475 to GBX 385 and set a “buy” rating for the company in a research note on Thursday, March 5th. Stifel Nicolaus raised shares of Vistry Group to a “buy” rating and cut their price objective for the stock from GBX 670 to GBX 610 in a research report on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded Vistry Group to a “hold” rating and reduced their target price for the company from GBX 803 to GBX 600 in a research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 579.56.

Insider Activity

In other Vistry Group news, insider Paul Whetsell bought 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of GBX 474 per share, with a total value of £28,440. Insiders have bought 6,068 shares of company stock worth $2,888,769 in the last ninety days. 9.99% of the stock is owned by company insiders.

Vistry Group Price Performance

The stock has a market capitalization of £1.33 billion, a P/E ratio of 37.22, a price-to-earnings-growth ratio of -0.20 and a beta of 1.65. The business has a fifty day simple moving average of GBX 654.63 and a 200 day simple moving average of GBX 640.80. The company has a current ratio of 2.52, a quick ratio of 0.56 and a debt-to-equity ratio of 17.93.

Vistry Group (LON:VTY) last posted its earnings results on Wednesday, March 4th. The company reported GBX 59.30 earnings per share for the quarter. Vistry Group had a return on equity of 4.20% and a net margin of 3.82%. On average, analysts expect that Vistry Group PLC will post 108.4606345 earnings per share for the current year.

Vistry Group announced that its board has approved a share repurchase plan on Monday, February 2nd 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 plans are often a sign that the company’s management believes its stock is undervalued.

About Vistry Group

Vistry Group is a leading homebuilder developing in partnership to deliver sustainable homes, communities, and social value, leaving a lasting legacy of places where people love to live.

Operating across 25 regions, we build homes for those who need them right across the UK. Our partners include Registered Providers, Local Authorities, Homes England and Private Rented Sector providers.

Our timber manufacturing capability, Vistry Works, is at the core of our strategy to deliver more quality homes, faster.

We sell homes on the open market through three respected brands: Bovis Homes, Linden Homes, and Countryside Homes.