Royal Bank Of Canada Cuts Vistry Group (LON:VTY) Price Target to GBX 385

Vistry Group (LON:VTYFree Report) had its price objective cut by Royal Bank Of Canada from GBX 475 to GBX 385 in a research note released on Thursday, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other brokerages have also commented on VTY. Deutsche Bank Aktiengesellschaft boosted their price objective on Vistry Group from GBX 684 to GBX 803 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Jefferies Financial Group lifted their target price on Vistry Group from GBX 608 to GBX 659 and gave the company a “hold” rating in a research report on Monday, January 19th. The Goldman Sachs Group assumed coverage on Vistry Group in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 731 price target for the company. Stifel Nicolaus upgraded Vistry Group to a “buy” rating and dropped their price objective for the company from GBX 670 to GBX 610 in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Vistry Group from GBX 570 to GBX 640 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Vistry Group presently has a consensus rating of “Hold” and a consensus target price of GBX 591.78.

View Our Latest Analysis on VTY

Vistry Group Stock Down 4.6%

Vistry Group stock opened at GBX 448.20 on Thursday. 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 firm’s fifty day moving average price is GBX 663.10 and its two-hundred day moving average price is GBX 643.87. Vistry Group has a 1-year low of GBX 440.20 and a 1-year high of GBX 746.40. 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 posted its earnings results 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 predict that Vistry Group will post 108.4606345 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other news, insider Paul Whetsell acquired 6,000 shares of Vistry Group stock in a transaction on Wednesday, March 4th. The stock was acquired at an average cost of GBX 474 per share, with a total value of £28,440. Insiders purchased a total of 6,068 shares of company stock valued at $2,888,769 in the last quarter. 9.98% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Vistry Group

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

Vistry Group Company Profile

(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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Analyst Recommendations for Vistry Group (LON:VTY)

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