Stifel Nicolaus Upgrades Vistry Group (LON:VTY) to Buy

Vistry Group (LON:VTYGet Free Report) was upgraded by stock analysts at Stifel Nicolaus to a “buy” rating in a note issued to investors on Thursday, MarketBeat reports. The firm currently has a GBX 610 price objective on the stock, down from their previous price objective of GBX 670. Stifel Nicolaus’ price target would suggest a potential upside of 36.10% from the stock’s previous close.

VTY has been the topic of several other reports. The Goldman Sachs Group began coverage on shares of Vistry Group in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 731 price objective on the stock. JPMorgan Chase & Co. lifted their price target on Vistry Group from GBX 570 to GBX 640 and gave the company a “neutral” rating in a report on Thursday, December 4th. Jefferies Financial Group boosted their price objective on Vistry Group from GBX 608 to GBX 659 and gave the stock a “hold” rating in a research report on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft increased 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. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 591.78.

Check Out Our Latest Report on Vistry Group

Vistry Group Trading Down 4.6%

LON:VTY opened at GBX 448.20 on Thursday. The firm has a market capitalization of £1.43 billion, a P/E ratio of 40.02, a P/E/G ratio of -0.20 and a beta of 1.65. The business has a 50 day simple moving average of GBX 663.10 and a 200 day simple moving average of GBX 643.88. The company has a debt-to-equity ratio of 17.93, a current ratio of 2.52 and a quick ratio of 0.56. Vistry Group has a 12-month low of GBX 440.20 and a 12-month high of GBX 746.40.

Vistry Group (LON:VTYGet Free Report) last issued its 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%. Equities research analysts predict that Vistry Group will post 108.4606345 EPS for the current year.

Vistry Group declared that its board has approved a stock buyback plan on Monday, February 2nd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Activity at Vistry Group

In related news, insider Paul Whetsell purchased 6,000 shares of Vistry Group stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of GBX 474 per share, with a total value of £28,440. In the last 90 days, insiders have bought 6,068 shares of company stock worth $2,888,769. 9.98% of the stock is currently owned by insiders.

Key Headlines Impacting Vistry Group

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

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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Analyst Recommendations for Vistry Group (LON:VTY)

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