Vistry Group (LON:VTY) Shares Down 7.6% – What’s Next?

Vistry Group PLC (LON:VTY)’s share price fell 7.6% during trading on Wednesday . The stock traded as low as GBX 625.80 and last traded at GBX 631.21. 2,884,097 shares were traded during mid-day trading, a decline of 35% from the average session volume of 4,443,736 shares. The stock had previously closed at GBX 683.20.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VTY. Jefferies Financial Group lowered their target price on Vistry Group from GBX 628 to GBX 608 and set a “hold” rating on the stock in a research note on Monday, November 10th. JPMorgan Chase & Co. lifted their price objective on Vistry Group from GBX 570 to GBX 640 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, The Goldman Sachs Group began coverage on shares of Vistry Group in a report on Monday, November 24th. They set a “buy” rating and a GBX 731 price objective on the stock. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 608.

Vistry Group Stock Performance

The business has a 50 day moving average of GBX 638.86 and a 200-day moving average of GBX 630.87. The company has a market capitalization of £2.01 billion, a P/E ratio of 56.25, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64.

Vistry Group announced that its Board of Directors has authorized a stock buyback plan on Thursday, September 25th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Vistry Group Company Profile

Vistry Group is one of the UK’s leading homebuilders with a top tier housebuilder and leading Partnerships business. Our purpose is to develop sustainable new homes and communities across all sectors of the housing market through our leading brands, Bovis Homes, Linden Homes, Vistry Partnerships and Drew Smith.

Our housebuilding division operates across 13 business units, each with a regional office, which are developing hundreds of sites across England. The design and construction of our housing ranges blend tradition and innovation, creating homes and developments with contemporary living standards.

Following the acquisition of Countryside Partnerships, Vistry’s Partnerships division is a market leader in the high-growth partnerships business.