Vistry Group (LON:VTY) Reaches New 52-Week Low – Here’s Why

Vistry Group PLC (LON:VTY) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 325.40 and last traded at GBX 328.34, with a volume of 11155465 shares trading hands. The stock had previously closed at GBX 332.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VTY shares. Bank of America reduced their price target on shares of Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating for the company in a research report on Monday. Stifel Nicolaus raised Vistry Group to a “buy” rating and dropped their price objective for the company from GBX 670 to GBX 610 in a research note on Thursday, March 5th. Jefferies Financial Group lifted their price objective on Vistry Group from GBX 608 to GBX 659 and gave the stock a “hold” rating in a report on Monday, January 19th. Royal Bank Of Canada decreased their target price on Vistry Group from GBX 475 to GBX 385 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft lowered Vistry Group to a “hold” rating and lowered their target price for the company from GBX 803 to GBX 600 in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 556.60.

Vistry Group Stock Performance

The company has a current ratio of 2.52, a quick ratio of 0.56 and a debt-to-equity ratio of 17.93. The firm has a market capitalization of £1.04 billion, a PE ratio of 29.15, a PEG ratio of -0.20 and a beta of 1.65. The stock’s 50 day moving average price is GBX 567.20 and its two-hundred day moving average price is GBX 614.95.

Vistry Group (LON:VTY) last posted its earnings results on Wednesday, March 4th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Vistry Group had a return on equity of 4.20% and a net margin of 3.82%. On average, equities analysts expect that Vistry Group PLC will post 108.4606345 earnings per share for the current year.

Vistry Group declared that its board has authorized a share buyback program on Monday, February 2nd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, insider Tim Lawlor sold 5,292 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of GBX 357, for a total transaction of £18,892.44. Also, insider Greg Fitzgerald sold 34,642 shares of Vistry Group stock in a transaction dated Friday, March 20th. The stock was sold at an average price of GBX 357, for a total value of £123,671.94. Insiders have purchased 6,082 shares of company stock worth $2,889,121 over the last three months. 9.99% of the stock is currently owned by corporate insiders.

About Vistry Group

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.