Vistry Group (LON:VTY) Price Target Cut to GBX 530 by Analysts at JPMorgan Chase & Co.

Vistry Group (LON:VTY) had its price objective lowered by JPMorgan Chase & Co. from GBX 640 to GBX 530 in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on the company. The Goldman Sachs Group initiated coverage on Vistry Group in a report on Monday, November 24th. They issued a “buy” rating and a GBX 731 target price on the stock. Jefferies Financial Group upped their target price on Vistry Group from GBX 608 to GBX 659 and gave the company a “hold” rating in a report on Monday, January 19th. Stifel Nicolaus upgraded Vistry Group to a “buy” rating and decreased their price target for the company from GBX 670 to GBX 610 in a research report on Thursday, March 5th. Royal Bank Of Canada dropped their price target on Vistry Group from GBX 475 to GBX 385 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded Vistry Group to a “hold” rating and cut their price objective for the stock from GBX 803 to GBX 600 in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Vistry Group currently has a consensus rating of “Hold” and an average target price of GBX 579.56.

Vistry Group Trading Down 1.2%

Shares of LON:VTY opened at GBX 416.90 on Tuesday. The company has a debt-to-equity ratio of 17.93, a quick ratio of 0.56 and a current ratio of 2.52. The stock has a market capitalization of £1.33 billion, a price-to-earnings ratio of 37.22, a PEG ratio of -0.20 and a beta of 1.65. Vistry Group has a 1-year low of GBX 414.10 and a 1-year high of GBX 746.40. The company has a 50 day moving average price of GBX 654.63 and a 200 day moving average price of GBX 640.80.

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

Vistry Group announced that its Board of Directors has initiated a stock repurchase plan on Monday, February 2nd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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 acquired at an average price of GBX 474 per share, with a total value of £28,440. Insiders acquired a total of 6,068 shares of company stock valued at $2,888,769 in the last ninety days. 9.99% of the stock is owned by corporate insiders.

Vistry Group Company Profile

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.