Vistry Group (LON:VTY) Price Target Raised to GBX 740

Vistry Group (LON:VTY – Get Rating) had its price target raised by JPMorgan Chase & Co. from GBX 700 ($8.71) to GBX 740 ($9.20) in a research report released on Monday, Digital Look reports. They currently have an underweight rating on the stock.

Several other brokerages have also commented on VTY. Liberum Capital reissued a top pick rating and set a GBX 950 ($11.82) price target on shares of Vistry Group in a research note on Monday, February 13th. Barclays reissued an underweight rating and set a GBX 740 ($9.20) price target on shares of Vistry Group in a research note on Friday, May 19th. Berenberg Bank boosted their price target on Vistry Group from GBX 760 ($9.45) to GBX 871 ($10.83) and gave the stock a hold rating in a research note on Thursday, May 11th. Finally, Jefferies Financial Group restated a buy rating and set a GBX 987 ($12.28) price objective on shares of Vistry Group in a research report on Thursday, March 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of GBX 824.29 ($10.25).

Vistry Group Price Performance

Shares of LON:VTY opened at GBX 748 ($9.30) on Monday. The business’s 50 day simple moving average is GBX 778.73 and its 200-day simple moving average is GBX 727.90. The firm has a market capitalization of £2.59 billion, a price-to-earnings ratio of 873.26, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The company has a debt-to-equity ratio of 19.85, a current ratio of 2.53 and a quick ratio of 0.56. Vistry Group has a 12 month low of GBX 502 ($6.24) and a 12 month high of GBX 947.50 ($11.78).

Vistry Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, April 20th will be issued a GBX 32 ($0.40) dividend. The ex-dividend date of this dividend is Thursday, April 20th. This is an increase from Vistry Group’s previous dividend of $23.00. This represents a yield of 4.37%. Vistry Group’s payout ratio is 6,395.35%.

Insider Buying and Selling at Vistry Group

In other Vistry Group news, insider Jeffrey W. Ubben purchased 800,000 shares of the business’s stock in a transaction on Thursday, March 23rd. The stock was bought at an average cost of GBX 750 ($9.33) per share, for a total transaction of £6,000,000 ($7,462,686.57). 2.37% of the stock is currently owned by insiders.

Vistry Group Company Profile

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Vistry Group PLC, together with its subsidiaries, operates as a housebuilder in the United Kingdom. The company offers one-bedroom to five-bedroom family homes. As of December 31, 2021, it had 42,770 controlled land bank plots and 40,000 strategic land bank plots. The company was formerly known as Bovis Homes Group PLC and changed its name to Vistry Group PLC in January 2020.