Vistry Group (LON:VTY) Stock Price Target Cut by Berenberg Bank

Vistry Group (LON:VTY) had its price target decreased by equities researchers at Berenberg Bank from GBX 263 to GBX 252 in a research note issued to investors on Monday, Digital Look reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price objective suggests a potential downside of 4.62% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Vistry Group from GBX 430 to GBX 210 and set an “underweight” rating for the company in a research report on Monday, June 15th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 274 price objective on shares of Vistry Group in a report on Friday, September 25th. Finally, Royal Bank Of Canada restated an “underperform” rating and issued a GBX 180 target price on shares of Vistry Group in a research note on Friday, September 18th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vistry Group presently has a consensus rating of “Reduce” and a consensus price target of GBX 400.88.

Vistry Group Trading Down 7.8%

Vistry Group stock opened at GBX 264.20 on Monday. Vistry Group has a 52 week low of GBX 220 and a 52 week high of GBX 746.40. The stock has a 50-day moving average price of GBX 277.38 and a 200 day moving average price of GBX 291.51. The company has a quick ratio of 0.56, a current ratio of 2.36 and a debt-to-equity ratio of 30.07. The company has a market capitalization of £839.79 million, a price-to-earnings ratio of 6.29, a price-to-earnings-growth ratio of -0.20 and a beta of 1.86.

Vistry Group (LON:VTY) last posted its quarterly earnings results on Thursday, September 24th. The company reported GBX (18.80) earnings per share (EPS) for the quarter. Vistry Group had a negative return on equity of 16.57% and a negative net margin of 14.73%. Sell-side analysts anticipate that Vistry Group will post 108.4606345 EPS for the current year.

Insiders Place Their Bets

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