JPMorgan Chase & Co. Issues Pessimistic Forecast for Vistry Group (LON:VTY) Stock Price

Vistry Group (LON:VTY) had its price target decreased by analysts at JPMorgan Chase & Co. from GBX 430 to GBX 210 in a research note issued on Monday,Digital Look reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 7.74% from the stock’s previous close.

Several other equities research analysts have also commented on VTY. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 180 price target on shares of Vistry Group in a research note on Wednesday, June 10th. Stifel Nicolaus upgraded shares of Vistry Group to a “buy” rating and decreased their price objective for the company from GBX 670 to GBX 610 in a report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft cut shares of Vistry Group to a “hold” rating and decreased their price objective for the company from GBX 803 to GBX 600 in a report on Thursday, March 5th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 251 price objective on shares of Vistry Group in a report on Tuesday. Finally, Bank of America decreased their price objective on shares of Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating for the company in a report on Monday, March 30th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of GBX 463.30.

Vistry Group Stock Performance

Shares of LON:VTY traded up GBX 3.23 during trading hours on Monday, hitting GBX 227.63. The stock had a trading volume of 21,491,461 shares, compared to its average volume of 16,656,418. The stock’s fifty day simple moving average is GBX 303.21 and its 200 day simple moving average is GBX 492.35. Vistry Group has a 1-year low of GBX 220 and a 1-year high of GBX 746.40. The firm has a market capitalization of £722.92 million, a price-to-earnings ratio of 5.42, a PEG ratio of -0.20 and a beta of 1.85. The company has a debt-to-equity ratio of 17.93, a quick ratio of 0.56 and a current ratio of 2.52.

Insider Buying and Selling

In related news, insider Greg Fitzgerald sold 34,642 shares of the firm’s stock in a transaction that occurred 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 Rob Woodward bought 18,319 shares of Vistry Group stock in a transaction dated Monday, April 20th. The stock was acquired at an average price of GBX 353 per share, with a total value of £64,666.07. Over the last ninety days, insiders acquired 18,418 shares of company stock worth $6,496,721. Corporate insiders own 1.21% of the company’s stock.

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.