Vistry Group (OTCMKTS:BVHMF) Shares Down 16.2% – Time to Sell?

Shares of Vistry Group PLC (OTCMKTS:BVHMF) fell 16.2% during mid-day trading on Thursday. The company traded as low as $2.95 and last traded at $2.95. Approximately 350 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 17,759 shares. The stock had previously closed at $3.52.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Vistry Group in a research note on Thursday, October 1st. UBS Group started coverage on Vistry Group in a report on Wednesday, September 9th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Vistry Group Stock Down 16.2%

The firm’s fifty day moving average is $3.68 and its two-hundred day moving average is $3.82.

Vistry Group Company Profile

Vistry Group plc is a United Kingdom-based housebuilding and partnerships company. It develops new homes for private sale and works with housing associations, local authorities and other public-sector partners to deliver affordable housing and mixed-tenure communities.

The company operates through established housing brands including Bovis Homes, Linden Homes and Countryside Homes. Its activities include land acquisition, residential development, construction, sales and the regeneration of larger sites, with homes designed for a range of buyers and housing needs.

Vistry Group was formed in 2020 following the combination of Bovis Homes and the housing businesses of Galliford Try, including Linden Homes and partnerships operations.