Vistry Group (LON:VTY) Reaches New 12-Month Low on Analyst Downgrade

Vistry Group PLC (LON:VTYGet Free Report) hit a new 52-week low during mid-day trading on Thursday after Deutsche Bank Aktiengesellschaft downgraded the stock to a hold rating. Deutsche Bank Aktiengesellschaft now has a GBX 600 price target on the stock, down from their previous price target of GBX 803. Vistry Group traded as low as GBX 469.70 and last traded at GBX 469.70, with a volume of 246733250 shares changing hands. The stock had previously closed at GBX 631.60.

A number of other brokerages have also commented on VTY. Jefferies Financial Group boosted their price objective on shares of Vistry Group from GBX 608 to GBX 659 and gave the stock a “hold” rating in a report on Monday, January 19th. Royal Bank Of Canada lowered their target price on Vistry Group from GBX 475 to GBX 385 and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on Vistry Group from GBX 570 to GBX 640 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Stifel Nicolaus upgraded Vistry Group to a “buy” rating and cut their price target for the stock from GBX 670 to GBX 610 in a research note on Thursday. Finally, The Goldman Sachs Group assumed coverage on Vistry Group in a report on Monday, November 24th. They issued a “buy” rating and a GBX 731 price target for the company. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 591.78.

Read Our Latest Research Report on Vistry Group

Insider Transactions at Vistry Group

In other news, insider Paul Whetsell acquired 6,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were purchased at an average price of GBX 474 per share, for a total transaction of £28,440. Insiders purchased a total of 6,068 shares of company stock worth $2,888,769 in the last 90 days. Corporate insiders own 9.98% of the company’s stock.

More Vistry Group News

Here are the key news stories impacting Vistry Group this week:

Vistry Group Stock Performance

The company has a 50-day moving average of GBX 663.10 and a 200-day moving average of GBX 643.88. The firm has a market capitalization of £1.43 billion, a price-to-earnings ratio of 40.02, a price-to-earnings-growth ratio of -0.20 and a beta of 1.65. 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:VTYGet Free Report) last released its quarterly earnings data on Wednesday, March 4th. The company reported GBX 59.30 EPS for the quarter. Vistry Group had a net margin of 3.82% and a return on equity of 4.20%. On average, equities research analysts forecast that Vistry Group PLC will post 108.4606345 earnings per share for the current fiscal year.

Vistry Group declared that its board has approved a stock buyback plan on Monday, February 2nd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

About Vistry Group

(Get Free Report)

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.

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