Vistry Group (LON:VTY) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Vistry Group (LON:VTY) had its target price upped by equities research analysts at Jefferies Financial Group from GBX 608 to GBX 659 in a report issued on Monday, MarketBeat reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 2.74% from the stock’s current price.

A number of other analysts also recently commented on VTY. JPMorgan Chase & Co. boosted their target price on shares of Vistry Group from GBX 570 to GBX 640 and gave the stock a “neutral” rating in a report on Thursday, December 4th. The Goldman Sachs Group began coverage on shares of Vistry Group in a research report on Monday, November 24th. They issued a “buy” rating and a GBX 731 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Vistry Group from GBX 684 to GBX 803 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Two equities 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, Vistry Group presently has an average rating of “Hold” and a consensus price target of GBX 629.25.

Vistry Group Price Performance

Shares of Vistry Group stock opened at GBX 641.40 on Monday. Vistry Group has a 52 week low of GBX 486.70 and a 52 week high of GBX 723.03. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15. The stock has a market cap of £2.05 billion, a PE ratio of 57.27, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The company’s 50-day moving average price is GBX 638.61 and its two-hundred day moving average price is GBX 630.99.

Vistry Group declared that its board has authorized a stock repurchase program on Thursday, September 25th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication 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.