Vistry Group (LON:VTY) Trading Down 0.6% – Time to Sell?

Vistry Group PLC (LON:VTY)’s share price fell 0.6% during mid-day trading on Tuesday . The company traded as low as GBX 249.99 and last traded at GBX 258.15. 58,859,809 shares were traded during trading, an increase of 232% from the average session volume of 17,747,033 shares. The stock had previously closed at GBX 259.80.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Bank of America lowered 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. Jefferies Financial Group restated a “hold” rating and issued a GBX 251 target price on shares of Vistry Group in a research note on Tuesday, June 16th. Royal Bank Of Canada reiterated an “underperform” rating and set a GBX 180 price target on shares of Vistry Group in a research note on Wednesday, June 10th. Finally, JPMorgan Chase & Co. cut their price objective on Vistry Group from GBX 430 to GBX 210 and set an “underweight” rating on the stock in a report on Monday, June 15th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Vistry Group has an average rating of “Reduce” and an average price target of GBX 463.30.

Vistry Group Price Performance

The firm has a market capitalization of £819.87 million, a PE ratio of 6.15, a P/E/G ratio of -0.20 and a beta of 1.84. The firm’s fifty day moving average price is GBX 274.10 and its 200 day moving average price is GBX 448.84. The company has a current ratio of 2.52, a quick ratio of 0.56 and a debt-to-equity ratio of 17.93.

Insider Transactions at Vistry Group

In other Vistry Group news, insider Rob Woodward purchased 18,319 shares of the stock in a transaction on Monday, April 20th. The shares were bought at an average cost of GBX 353 per share, with a total value of £64,666.07. Insiders have acquired 18,418 shares of company stock worth $6,496,721 in the last three months. Insiders own 1.21% 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.