Vistry Group (LON:VTY) Hits New 52-Week Low – Time to Sell?

Vistry Group PLC (LON:VTY) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 333.55 and last traded at GBX 336.40, with a volume of 34173055 shares traded. The stock had previously closed at GBX 345.50.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VTY shares. Jefferies Financial Group boosted their target price on Vistry Group from GBX 608 to GBX 659 and gave the stock a “hold” rating in a research report on Monday, January 19th. The Goldman Sachs Group assumed coverage on shares of Vistry Group in a research note on Monday, November 24th. They set a “buy” rating and a GBX 731 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Vistry Group from GBX 640 to GBX 530 and set a “neutral” rating for the company in a report on Tuesday, March 10th. Royal Bank Of Canada lowered their target price 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. Finally, Stifel Nicolaus upgraded shares of Vistry Group to a “buy” rating and cut their target price for the stock from GBX 670 to GBX 610 in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 579.56.

Vistry Group Stock Down 3.6%

The firm has a fifty day simple moving average of GBX 610.81 and a 200-day simple moving average of GBX 627.73. The company has a market capitalization of £1.06 billion, a P/E ratio of 29.75, a P/E/G ratio of -0.20 and a beta of 1.65. The company has a quick ratio of 0.56, a current ratio of 2.52 and a debt-to-equity ratio of 17.93.

Vistry Group (LON:VTY) last released its quarterly earnings data 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, equities research analysts expect that Vistry Group PLC will post 108.4606345 EPS for the current fiscal year.

Vistry Group announced that its Board of Directors has approved a share repurchase program on Monday, February 2nd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Paul Whetsell bought 6,000 shares of Vistry Group stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average cost of GBX 474 per share, with a total value of £28,440. Over the last quarter, insiders have acquired 6,082 shares of company stock valued at $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.