Vistry Group (LON:VTY) Shares Down 9% – Time to Sell?

Vistry Group PLC (LON:VTY) shares fell 9% during mid-day trading on Tuesday . The company traded as low as GBX 259 and last traded at GBX 284. Approximately 303,811,469 shares were traded during mid-day trading, an increase of 1,654% from the average daily volume of 17,322,355 shares. The stock had previously closed at GBX 312.18.

Wall Street Analyst Weigh In

A number of analysts have commented on VTY shares. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 180 target price on shares of Vistry Group in a report on Thursday, July 9th. Jefferies Financial Group reissued a “hold” rating and set a GBX 251 price objective on shares of Vistry Group in a research report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of GBX 463.30.

Vistry Group Trading Up 0.9%

The stock has a 50 day moving average of GBX 261.88 and a 200-day moving average of GBX 393.63. The company has a market capitalization of £873.77 million, a P/E ratio of 6.55, a P/E/G ratio of -0.20 and a beta of 1.84. The company has a current ratio of 2.52, a quick ratio of 0.56 and a debt-to-equity ratio of 17.93.

Insiders Place Their Bets

In other news, insider Paul Whetsell acquired 15,000 shares of Vistry Group stock in a transaction dated Tuesday, July 14th. The stock was purchased at an average cost of GBX 253 per share, with a total value of £37,950. Also, insider Adam Daniels acquired 38,372 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The shares were purchased at an average price of GBX 261 per share, for a total transaction of £100,150.92. Over the last three months, insiders bought 53,429 shares of company stock valued at $13,825,254. Corporate insiders own 1.21% of the company’s stock.

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.