Vistry Group (LON:VTY) Share Price Breaks Below Fifty Day Moving Average – Here’s Why

Vistry Group PLC (LON:VTY)’s share price crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 258.38 and traded as low as GBX 255.76. Vistry Group shares last traded at GBX 257.46, with a volume of 1,296,873 shares.

Analyst Ratings Changes

A number of research analysts have commented on VTY shares. 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. Berenberg Bank dropped their price objective on Vistry Group from GBX 263 to GBX 252 and set a “hold” rating on the stock in a report on Monday, September 28th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 272 price objective on shares of Vistry Group in a research report on Thursday, November 5th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of GBX 400.62.

Vistry Group Stock Performance

The company has a debt-to-equity ratio of 30.07, a current ratio of 2.36 and a quick ratio of 0.56. The stock’s 50 day moving average is GBX 258.38 and its two-hundred day moving average is GBX 345.70. The firm has a market cap of £842.99 million, a P/E ratio of -1.68, a PEG ratio of -0.20 and a beta of 1.91.

Vistry Group (LON:VTY) last released its quarterly earnings results on Thursday, September 24th. The company reported GBX (18.80) EPS for the quarter. Vistry Group had a negative net margin of 14.73% and a negative return on equity of 16.57%. As a group, equities analysts predict that Vistry Group PLC will post 108.46 EPS for the current year.

Insider Activity

In other news, insider Alice Woodwark bought 8,305 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was bought at an average price of GBX 241 per share, for a total transaction of £20,015.05. Company 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.