Vistry Group (LON:VTY) Trading Up 2.1% – Should You Buy?

Vistry Group PLC (LON:VTY)’s share price traded up 2.1% on Monday . The company traded as high as GBX 705.60 and last traded at GBX 701.44. 1,509,878 shares were traded during mid-day trading, a decline of 67% from the average session volume of 4,556,686 shares. The stock had previously closed at GBX 686.80.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Jefferies Financial Group cut their price target on shares of Vistry Group from GBX 628 to GBX 608 and set a “hold” rating on the stock in a research report on Monday, November 10th. The Goldman Sachs Group initiated coverage on Vistry Group in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 731 target price on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Vistry Group from GBX 570 to GBX 640 and gave the company a “neutral” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Vistry Group has an average rating of “Hold” and an average target price of GBX 608.

Vistry Group Stock Performance

The stock has a market capitalization of £2.24 billion, a price-to-earnings ratio of 62.63, a P/E/G ratio of -0.20 and a beta of 2.14. The company’s fifty day simple moving average is GBX 637.81 and its 200 day simple moving average is GBX 630.73. The company has a quick ratio of 0.56, a current ratio of 2.64 and a debt-to-equity ratio of 22.15.

Vistry Group announced that its Board of Directors has approved a stock repurchase program on Thursday, September 25th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

About Vistry Group

Vistry Group is one of the UK’s leading homebuilders with a top tier housebuilder and leading Partnerships business. Our purpose is to develop sustainable new homes and communities across all sectors of the housing market through our leading brands, Bovis Homes, Linden Homes, Vistry Partnerships and Drew Smith.

Our housebuilding division operates across 13 business units, each with a regional office, which are developing hundreds of sites across England. The design and construction of our housing ranges blend tradition and innovation, creating homes and developments with contemporary living standards.

Following the acquisition of Countryside Partnerships, Vistry’s Partnerships division is a market leader in the high-growth partnerships business.