Vistry Group (LON:VTY) Hits New 52-Week Low – Time to Sell?

Vistry Group PLC (LON:VTY)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 333.55 and last traded at GBX 336.40, with a volume of 34173055 shares traded. The stock had previously closed at GBX 345.50.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Vistry Group from GBX 640 to GBX 530 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. The Goldman Sachs Group began coverage on Vistry Group in a research report on Monday, November 24th. They set a “buy” rating and a GBX 731 price target for the company. Deutsche Bank Aktiengesellschaft downgraded shares of Vistry Group to a “hold” rating and lowered their price objective for the company from GBX 803 to GBX 600 in a report on Thursday, March 5th. Stifel Nicolaus raised shares of Vistry Group to a “buy” rating and cut their price objective for the stock from GBX 670 to GBX 610 in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada reduced their target price on shares of Vistry Group from GBX 475 to GBX 385 and set a “buy” rating for the company in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 579.56.

Vistry Group Stock Down 3.6%

The firm has a market cap of £1.06 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of -0.20 and a beta of 1.65. 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 firm has a fifty day moving average of GBX 610.81 and a 200-day moving average of GBX 627.73.

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 return on equity of 4.20% and a net margin of 3.82%. On average, equities research analysts anticipate that Vistry Group PLC will post 108.4606345 earnings per share for the current year.

Vistry Group announced that its board has approved a stock repurchase plan on Monday, February 2nd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Vistry Group

In other news, insider Paul Whetsell bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average cost of GBX 474 per share, with a total value of £28,440. Insiders have acquired 6,082 shares of company stock valued at $2,889,121 over the last three months. 9.99% of the stock is currently owned by company insiders.

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.