Key Points
- Insider purchase: Director Rob Woodward bought 18,319 Vistry shares on April 20 at an average price of GBX 353, a transaction totalling £64,666.07.
- Share movement and buyback: Vistry stock was down 3.7% (52-week range GBX 321.30–746.40) and the Board announced a stock repurchase plan on February 2 to buy shares on the open market, signalling management may view the shares as undervalued.
- Analyst view: The consensus rating is "Hold" with a target of GBX 556.60 (three Buys, five Holds, two Sells), alongside recent mixed price-target changes from major banks.
Vistry Group PLC (LON:VTY - Get Free Report) insider Rob Woodward purchased 18,319 shares of Vistry Group stock in a transaction dated Monday, April 20th. The shares were bought at an average price of GBX 353 per share, for a total transaction of £64,666.07.
Vistry Group Stock Down 3.7%
LON VTY opened at GBX 354 on Tuesday. Vistry Group PLC has a 52 week low of GBX 321.30 and a 52 week high of GBX 746.40. 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 business's fifty day simple moving average is GBX 476.41 and its 200-day simple moving average is GBX 586.01. The firm has a market cap of £1.13 billion, a PE ratio of 8.43, a P/E/G ratio of -0.20 and a beta of 1.97.
Vistry Group (LON:VTY - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The company reported GBX 59.30 EPS for the quarter. Vistry Group had a return on equity of 4.20% and a net margin of 3.82%. As a group, equities analysts anticipate that Vistry Group PLC will post 108.4606345 earnings per share for the current year.
Vistry Group announced that its Board of Directors has initiated a stock repurchase plan on Monday, February 2nd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.
Analyst Upgrades and Downgrades
VTY has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Vistry Group from GBX 640 to GBX 530 and set a "neutral" rating on the stock in a report on Tuesday, March 10th. Jefferies Financial Group boosted their price objective 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. Deutsche Bank Aktiengesellschaft lowered shares of Vistry Group to a "hold" rating and reduced their price objective for the company from GBX 803 to GBX 600 in a report on Thursday, March 5th. Stifel Nicolaus upgraded shares of Vistry Group to a "buy" rating and reduced their price objective for the company from GBX 670 to GBX 610 in a report on Thursday, March 5th. Finally, Bank of America reduced their price objective on shares of Vistry Group from GBX 490 to GBX 350 and set an "underperform" rating on the stock in a report on Monday, March 30th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Vistry Group has a consensus rating of "Hold" and a consensus target price of GBX 556.60.
Read Our Latest Report on Vistry Group
About Vistry Group
(
Get Free Report)
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.
Further Reading
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