JPMorgan Chase & Co. Has Lowered Expectations for Vistry Group (LON:VTY) Stock Price

Vistry Group (LON:VTY) had its price target cut by research analysts at JPMorgan Chase & Co. from GBX 530 to GBX 430 in a research report issued on Tuesday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 64.37% from the company’s previous close.

A number of other research firms also recently commented on VTY. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 511 price objective on shares of Vistry Group in a research note on Wednesday, May 13th. Stifel Nicolaus raised shares of Vistry Group to a “buy” rating and dropped their target price for the stock from GBX 670 to GBX 610 in a research report on Thursday, March 5th. Bank of America dropped their target price on shares of Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating for the company in a research report on Monday, March 30th. Deutsche Bank Aktiengesellschaft downgraded shares of Vistry Group to a “hold” rating and dropped their target price for the stock from GBX 803 to GBX 600 in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada dropped 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 report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 531.80.

Vistry Group Trading Down 1.1%

LON VTY opened at GBX 261.60 on Tuesday. Vistry Group has a 12 month low of GBX 258.20 and a 12 month high of GBX 746.40. The company has a 50-day moving average of GBX 347.97 and a 200-day moving average of GBX 544.72. The company has a debt-to-equity ratio of 17.93, a current ratio of 2.52 and a quick ratio of 0.56. The company has a market cap of £831.36 million, a P/E ratio of 6.23, a P/E/G ratio of -0.20 and a beta of 1.88.

Vistry Group (LON:VTY) last posted 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%. As a group, equities analysts predict that Vistry Group will post 108.4606345 earnings per share for the current year.

Vistry Group announced that its board has initiated a share buyback program on Monday, February 2nd that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Vistry Group

In related news, insider Paul Whetsell purchased 6,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was purchased at an average price of GBX 474 per share, for a total transaction of £28,440. Also, insider Tim Lawlor sold 5,292 shares of the company’s 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. Insiders bought a total of 24,399 shares of company stock worth $9,340,911 in the last quarter. Company insiders own 9.99% of the company’s stock.

Vistry Group Company Profile

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.