Vistry Group (LON:VTY) Sets New 12-Month Low – Here’s Why

Vistry Group PLC (LON:VTY) hit a new 52-week low on Wednesday . The company traded as low as GBX 325.40 and last traded at GBX 328.34, with a volume of 11155465 shares. The stock had previously closed at GBX 332.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VTY. Jefferies Financial Group upped their target price on shares of Vistry Group from GBX 608 to GBX 659 and gave the stock a “hold” rating in a research report on Monday, January 19th. JPMorgan Chase & Co. dropped their price objective on shares of Vistry Group from GBX 640 to GBX 530 and set a “neutral” rating for the company in a research report on Tuesday, March 10th. Stifel Nicolaus raised Vistry Group to a “buy” rating and reduced their price objective for the stock from GBX 670 to GBX 610 in a report on Thursday, March 5th. Royal Bank Of Canada decreased their price objective on Vistry Group from GBX 475 to GBX 385 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft cut Vistry Group to a “hold” rating and lowered their target price for the company from GBX 803 to GBX 600 in a research note on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 556.60.

Vistry Group Stock Up 0.0%

The firm’s 50 day moving average price is GBX 554.49 and its 200-day moving average price is GBX 610.99. The company has a current ratio of 2.52, a quick ratio of 0.56 and a debt-to-equity ratio of 17.93. The company has a market cap of £1.05 billion, a P/E ratio of 29.33, a price-to-earnings-growth ratio of -0.20 and a beta of 1.65.

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

Vistry Group announced that its board has approved a share repurchase program on Monday, February 2nd that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Vistry Group

In other news, insider Greg Fitzgerald sold 34,642 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of GBX 357, for a total value of £123,671.94. Also, insider Paul Whetsell acquired 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were bought at an average cost of GBX 474 per share, with a total value of £28,440. In the last 90 days, insiders acquired 6,082 shares of company stock worth $2,889,121. Insiders own 9.99% of the company’s stock.

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.