Vistry Group (LON:VTY) Trading Down 3.5% – Here’s Why

Vistry Group PLC (LON:VTY) dropped 3.5% during trading on Thursday . The company traded as low as GBX 269 and last traded at GBX 271.60. Approximately 1,906,852 shares were traded during trading, a decline of 86% from the average daily volume of 13,527,597 shares. The stock had previously closed at GBX 281.40.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Vistry Group from GBX 430 to GBX 210 and set an “underweight” rating on the stock in a research note on Monday, June 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 274 target price on shares of Vistry Group in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 180 target price on shares of Vistry Group in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of GBX 422.14.

Vistry Group Stock Performance

The company has a market cap of £863.31 million, a P/E ratio of 6.47, a price-to-earnings-growth ratio of -0.20 and a beta of 1.86. The business has a 50 day moving average price of GBX 277.01 and a two-hundred day moving average price of GBX 304.21. The company has a debt-to-equity ratio of 17.93, a quick ratio of 0.56 and a current ratio of 2.52.

Insiders Place Their Bets

In other Vistry Group news, insider Paul Whetsell purchased 15,000 shares of the stock in a transaction on Tuesday, July 14th. The stock was acquired at an average price of GBX 253 per share, with a total value of £37,950. Also, insider Adam Daniels purchased 38,372 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The stock was acquired at an average cost of GBX 261 per share, with a total value of £100,150.92. Corporate insiders own 1.23% 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.