Vistry Group (LON:VTY) Hits New 12-Month Low – Should You Sell?

Vistry Group PLC (LON:VTY)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 391.60 and last traded at GBX 392, with a volume of 42751973 shares changing hands. The stock had previously closed at GBX 416.20.

Analyst Ratings Changes

Several research analysts have recently commented on VTY shares. Royal Bank Of Canada decreased their price objective on Vistry Group from GBX 475 to GBX 385 and set a “buy” rating on the stock in a research note on Thursday, March 5th. The Goldman Sachs Group started coverage on shares of Vistry Group in a report on Monday, November 24th. They issued a “buy” rating and a GBX 731 target price for the company. Stifel Nicolaus upgraded shares of Vistry Group to a “buy” rating and decreased their target price for the stock from GBX 670 to GBX 610 in a research note on Thursday, March 5th. JPMorgan Chase & Co. lowered their price target on shares of Vistry Group from GBX 640 to GBX 530 and set a “neutral” rating on the stock in a report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Vistry Group to a “hold” rating and dropped their price target for the stock from GBX 803 to GBX 600 in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 579.56.

Vistry Group Stock Down 4.6%

The company has a 50-day moving average price of GBX 623.99 and a 200 day moving average price of GBX 631.05. The firm has a market capitalization of £1.16 billion, a PE ratio of 32.54, a P/E/G ratio of -0.20 and a beta of 1.65. The company has a debt-to-equity ratio of 17.93, a current ratio of 2.52 and a quick ratio of 0.56.

Vistry Group (LON:VTY) last released its quarterly earnings data on Wednesday, March 4th. The company reported GBX 59.30 earnings per share for the quarter. Vistry Group had a return on equity of 4.20% and a net margin of 3.82%. Analysts forecast that Vistry Group PLC will post 108.4606345 earnings per share for the current year.

Vistry Group declared that its board has authorized a stock buyback program on Monday, February 2nd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Vistry Group

In related news, insider Paul Whetsell acquired 6,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was acquired at an average cost of GBX 474 per share, with a total value of £28,440. Over the last ninety days, insiders have purchased 6,082 shares of company stock worth $2,889,121. Company insiders own 9.99% 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.