Vistry Group (LON:VTY) Price Target Lowered to GBX 350 at Bank of America

Vistry Group (LON:VTY) had its price target cut by research analysts at Bank of America from GBX 490 to GBX 350 in a research report issued on Monday,London Stock Exchange reports. The brokerage currently has an “underperform” rating on the stock. Bank of America‘s target price suggests a potential upside of 4.92% from the stock’s previous close.

A number of other equities research analysts have also commented on VTY. JPMorgan Chase & Co. decreased their price target on Vistry Group from GBX 640 to GBX 530 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. Jefferies Financial Group lifted their price objective on Vistry Group from GBX 608 to GBX 659 and gave the company a “hold” rating in a research report on Monday, January 19th. Stifel Nicolaus raised Vistry Group to a “buy” rating and reduced their price objective for the stock from GBX 670 to GBX 610 in a research note on Thursday, March 5th. 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 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 research note on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 556.60.

Vistry Group Trading Down 2.6%

Shares of VTY stock opened at GBX 333.60 on Monday. The company has a market capitalization of £1.06 billion, a P/E ratio of 29.79, a P/E/G ratio of -0.20 and a beta of 1.65. Vistry Group has a 12-month low of GBX 325.80 and a 12-month high of GBX 746.40. The company has a quick ratio of 0.56, a current ratio of 2.52 and a debt-to-equity ratio of 17.93. The firm has a 50-day moving average price of GBX 579.50 and a 200 day moving average price of GBX 618.50.

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

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

Insiders Place Their Bets

In other news, insider Greg Fitzgerald sold 34,642 shares of Vistry Group stock in a transaction on Friday, March 20th. The stock was sold at an average price of GBX 357, for a total value of £123,671.94. Also, insider Tim Lawlor sold 5,292 shares of the business’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of GBX 357, for a total value of £18,892.44. In the last quarter, insiders have bought 6,082 shares of company stock valued at $2,889,121. 9.99% 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.