Vistry Group (LON:VTY) Stock Price Down 12.3% – Time to Sell?

Vistry Group PLC (LON:VTY)’s stock price was down 12.3% during mid-day trading on Thursday . The company traded as low as GBX 283 and last traded at GBX 285.60. Approximately 9,014,763 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 17,073,111 shares. The stock had previously closed at GBX 325.80.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on VTY shares. Bank of America dropped 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 note on Monday, March 30th. Jefferies Financial Group restated a “hold” rating and issued a GBX 511 price target on shares of Vistry Group in a research note on Wednesday. Royal Bank Of Canada dropped their price target on shares of Vistry Group from GBX 475 to GBX 385 and set a “buy” rating for the company in a research note on Thursday, March 5th. Deutsche Bank Aktiengesellschaft lowered shares of 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. Finally, Stifel Nicolaus upgraded shares of Vistry Group to a “buy” rating and lowered their target price for the company from GBX 670 to GBX 610 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’s stock. According to data from MarketBeat.com, Vistry Group presently has an average rating of “Hold” and an average price target of GBX 541.80.

Vistry Group Trading Up 0.6%

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’s 50 day simple moving average is GBX 362.73 and its two-hundred day simple moving average is GBX 553.28. The stock has a market cap of £913.35 million, a P/E ratio of 6.84, a price-to-earnings-growth ratio of -0.20 and a beta of 1.88.

Vistry Group (LON:VTY) last released its earnings results 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%. As a group, equities research analysts predict that Vistry Group PLC will post 108.4606345 earnings per share for the current fiscal year.

Vistry Group announced that its board has authorized a stock repurchase plan on Monday, February 2nd that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, insider Greg Fitzgerald sold 34,642 shares of the business’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of GBX 357, for a total transaction of £123,671.94. Also, insider Tim Lawlor sold 5,292 shares of the company’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of GBX 357, for a total transaction of £18,892.44. In the last three months, insiders purchased 24,420 shares of company stock worth $9,356,052. 9.99% 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.