Vistry Group (LON:VTY) Reaches New 12-Month Low – Time to Sell?

Vistry Group PLC (LON:VTY) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 321 and last traded at GBX 321.36, with a volume of 3210627 shares traded. The stock had previously closed at GBX 326.40.

Analysts Set New Price Targets

VTY has been the subject of several analyst reports. 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 research note on Monday, March 30th. Royal Bank Of Canada decreased their price objective 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. Jefferies Financial Group raised their price objective on shares of Vistry Group from GBX 608 to GBX 659 and gave the stock a “hold” rating in a research note on Monday, January 19th. Stifel Nicolaus raised shares of Vistry Group to a “buy” rating and decreased their price objective for the stock from GBX 670 to GBX 610 in a research note on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Vistry Group to a “hold” rating and decreased their price objective for the stock from GBX 803 to GBX 600 in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 556.60.

Vistry Group Stock Up 0.6%

The company’s 50 day moving average price is GBX 415.30 and its two-hundred day moving average price is GBX 570.07. 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 stock has a market cap of £1.05 billion, a P/E ratio of 7.82, a P/E/G ratio of -0.20 and a beta of 1.97.

Vistry Group (LON:VTY) last posted its quarterly 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, research analysts expect that Vistry Group PLC will post 108.4606345 earnings per share for the current year.

Vistry Group announced that its board has authorized a stock buyback plan on Monday, February 2nd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity at Vistry Group

In other news, insider Tim Lawlor sold 5,292 shares of Vistry Group 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 £18,892.44. Also, insider Greg Fitzgerald sold 34,642 shares of Vistry Group stock in a transaction dated Friday, March 20th. The shares were sold at an average price of GBX 357, for a total value of £123,671.94. Over the last ninety days, insiders bought 24,420 shares of company stock worth $9,356,052. 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.