Vistry Group (LON:VTY) Given New GBX 350 Price Target at Bank of America

Vistry Group (LON:VTY) had its target price reduced by Bank of America from GBX 490 to GBX 350 in a research note issued to investors on Monday morning,London Stock Exchange reports. They currently have an underperform rating on the stock.

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

Vistry Group Price Performance

Shares of Vistry Group stock opened at GBX 335.63 on Monday. The stock has a 50 day moving average of GBX 573.33 and a 200 day moving average of GBX 616.74. Vistry Group has a 12 month low of GBX 325.80 and a 12 month high of GBX 746.40. The firm has a market cap of £1.07 billion, a PE ratio of 29.97, a PEG 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:VTY) last released its quarterly earnings results 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, research analysts expect that Vistry Group will post 108.4606345 EPS for the current fiscal year.

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

Insider Buying and Selling at Vistry Group

In other news, insider Tim Lawlor sold 5,292 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of GBX 357, for a total value of £18,892.44. Also, insider Greg Fitzgerald sold 34,642 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of GBX 357, for a total value of £123,671.94. Insiders acquired 6,082 shares of company stock worth $2,889,121 over the last 90 days. Company 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.