Vistry Group (LON:VTY) Shares Down 0.6% – Time to Sell?

Vistry Group PLC (LON:VTY)’s share price dropped 0.6% during trading on Tuesday . The stock traded as low as GBX 249.99 and last traded at GBX 258.15. Approximately 58,859,809 shares were traded during mid-day trading, an increase of 232% from the average session volume of 17,747,033 shares. The stock had previously closed at GBX 259.80.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VTY. Royal Bank Of Canada reissued an “underperform” rating and set a GBX 180 target price on shares of Vistry Group in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on Vistry Group from GBX 430 to GBX 210 and set an “underweight” rating for the company in a research note on Monday, June 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 251 price objective on shares of Vistry Group in a report on Tuesday, June 16th. Finally, Bank of America reduced their price objective on shares of Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating on the stock in a research report on Monday, March 30th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of GBX 463.30.

Vistry Group Price Performance

The firm has a market cap of £766.66 million, a P/E ratio of 5.75, a P/E/G ratio of -0.20 and a beta of 1.84. The firm’s fifty day simple moving average is GBX 272.15 and its 200 day simple moving average is GBX 445.98. The company has a debt-to-equity ratio of 17.93, a quick ratio of 0.56 and a current ratio of 2.52.

Insider Buying and Selling

In other news, insider Rob Woodward purchased 18,319 shares of the business’s stock in a transaction on Monday, April 20th. The stock was acquired at an average price of GBX 353 per share, for a total transaction of £64,666.07. Insiders purchased 18,418 shares of company stock worth $6,496,721 over the last three months. 1.21% of the stock is currently owned by corporate insiders.

Vistry Group Company Profile

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.