Brokerages Set Vistry Group PLC (LON:VTY) Target Price at GBX 608

Vistry Group PLC (LON:VTY) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 629.25.

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Vistry Group from GBX 684 to GBX 803 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Jefferies Financial Group increased their target price on Vistry Group from GBX 608 to GBX 659 and gave the stock a “hold” rating in a report on Monday. The Goldman Sachs Group began coverage on Vistry Group in a research note on Monday, November 24th. They issued a “buy” rating and a GBX 731 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on Vistry Group from GBX 570 to GBX 640 and gave the company a “neutral” rating in a research report on Thursday, December 4th.

Vistry Group Price Performance

Shares of Vistry Group stock opened at GBX 642.40 on Wednesday. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64. The firm’s 50-day simple moving average is GBX 638.61 and its 200-day simple moving average is GBX 630.99. Vistry Group has a twelve month low of GBX 486.70 and a twelve month high of GBX 723.03. The firm has a market cap of £2.05 billion, a P/E ratio of 57.36, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14.

Vistry Group announced that its board has authorized a stock buyback program on Thursday, September 25th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are 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.