Vistry Group (LON:VTY) Price Target Raised to GBX 659 at Jefferies Financial Group

Vistry Group (LON:VTY) had its target price raised by analysts at Jefferies Financial Group from GBX 608 to GBX 659 in a report issued on Monday,Digital Look reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 2.30% from the stock’s current price.

Several other brokerages also recently commented on VTY. JPMorgan Chase & Co. upped their price objective on Vistry Group from GBX 570 to GBX 640 and gave the company a “neutral” rating in a research report on Thursday, December 4th. The Goldman Sachs Group initiated coverage on shares of Vistry Group in a research note on Monday, November 24th. They set a “buy” rating and a GBX 731 target price for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Vistry Group from GBX 684 to GBX 803 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Two research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 629.25.

Vistry Group Trading Down 1.2%

Shares of VTY traded down GBX 8 during mid-day trading on Monday, reaching GBX 644.20. 648,335 shares of the company’s stock traded hands, compared to its average volume of 3,760,410. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56. The stock’s 50-day moving average is GBX 639.16 and its two-hundred day moving average is GBX 630.91. Vistry Group has a 12 month low of GBX 486.70 and a 12 month high of GBX 723.03. The stock has a market cap of £2.06 billion, a P/E ratio of 57.52, a P/E/G ratio of -0.20 and a beta of 2.14.

Vistry Group announced that its Board of Directors has authorized a stock buyback program on Thursday, September 25th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

About Vistry Group

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.