Vistry Group (LON:VTY) Reaches New 52-Week Low After Insider Selling

Vistry Group PLC (LON:VTY) shares reached a new 52-week low on Monday following insider selling activity. The stock traded as low as GBX 333.55 and last traded at GBX 336.40, with a volume of 34173055 shares traded. The stock had previously closed at GBX 345.50.

Specifically, insider Greg Fitzgerald sold 34,642 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of GBX 357, for a total transaction of £123,671.94. Also, insider Tim Lawlor sold 5,292 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of GBX 357, for a total transaction of £18,892.44.

Wall Street Analyst Weigh In

VTY has been the topic of a number of analyst reports. Jefferies Financial Group increased their target price on shares of Vistry Group from GBX 608 to GBX 659 and gave the stock a “hold” rating in a research report on Monday, January 19th. JPMorgan Chase & Co. cut their price target 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. Royal Bank Of Canada reduced their price target on Vistry Group from GBX 475 to GBX 385 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft lowered Vistry Group to a “hold” rating and lowered their price objective for the stock from GBX 803 to GBX 600 in a research note on Thursday, March 5th. Finally, Stifel Nicolaus raised Vistry Group to a “buy” rating and dropped their price objective for the company from GBX 670 to GBX 610 in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 579.56.

Vistry Group Trading Up 0.4%

The firm’s fifty day simple moving average is GBX 596.78 and its 200 day simple moving average is GBX 623.94. The stock has a market capitalization of £1.09 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of -0.20 and a beta of 1.65. The company has a debt-to-equity ratio of 17.93, a quick ratio of 0.56 and a current ratio of 2.52.

Vistry Group (LON:VTY) last issued its quarterly earnings results on Wednesday, March 4th. The company reported GBX 59.30 earnings per share for the quarter. Vistry Group had a net margin of 3.82% and a return on equity of 4.20%. As a group, equities research analysts forecast that Vistry Group PLC will post 108.4606345 EPS for the current fiscal year.

Vistry Group announced that its Board of Directors has authorized a share buyback plan on Monday, February 2nd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.