Stock Buyback Program Authorized by Vistry Group (LON:VTY) Board of Directors

Vistry Group (LON:VTY) announced that its board has authorized a share repurchase program on Monday, February 2nd, RTT News reports. The company plans to repurchase 0 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

VTY has been the subject of a number of analyst reports. Jefferies Financial Group increased their price target on shares of Vistry Group from GBX 608 to GBX 659 and gave the company a “hold” rating in a report on Monday, January 19th. JPMorgan Chase & Co. raised their price objective on Vistry Group from GBX 570 to GBX 640 and gave the company a “neutral” rating in a research note on Thursday, December 4th. The Goldman Sachs Group assumed coverage on Vistry Group in a report on Monday, November 24th. They issued a “buy” rating and a GBX 731 target price for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their target price 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 investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 629.25.

Vistry Group Stock Down 0.4%

Shares of LON:VTY opened at GBX 674.20 on Wednesday. The firm has a market capitalization of £2.16 billion, a PE ratio of 60.20, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The business has a 50 day simple moving average of GBX 646.57 and a two-hundred day simple moving average of GBX 634.73. Vistry Group has a 1 year low of GBX 486.70 and a 1 year high of GBX 723.03. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56.

Vistry Group Company Profile

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.