Vistry Group (LON:VTY) Trading Down 12.2% – Here’s Why

Shares of Vistry Group PLC (LON:VTY) were down 12.2% on Monday . The stock traded as low as GBX 249 and last traded at GBX 249. 7,073,211 shares were traded during trading, a decline of 53% from the average session volume of 15,037,994 shares. The stock had previously closed at GBX 283.60.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VTY shares. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 180 price target on shares of Vistry Group in a research report on Thursday, July 9th. Jefferies Financial Group reissued a “hold” rating and set a GBX 274 target price on shares of Vistry Group in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Vistry Group from GBX 430 to GBX 210 and set an “underweight” rating on the stock in a report on Monday, June 15th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of GBX 465.60.

Vistry Group Stock Performance

The stock has a fifty day simple moving average of GBX 261.54 and a 200-day simple moving average of GBX 382.94. The stock has a market cap of £855.45 million, a P/E ratio of 6.41, a PEG ratio of -0.20 and a beta of 1.85. 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 Activity

In other news, insider Adam Daniels bought 38,372 shares of the business’s stock in a transaction on Wednesday, July 15th. The shares were purchased at an average price of GBX 261 per share, for a total transaction of £100,150.92. Also, insider Paul Whetsell purchased 15,000 shares of the firm’s stock in a transaction dated Tuesday, July 14th. The shares were acquired at an average cost of GBX 253 per share, with a total value of £37,950. Insiders have bought 53,429 shares of company stock valued at $13,825,254 over the last ninety days. 1.23% of the stock is owned by 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.