Vistry Group (LON:VTY) Stock Price Down 16.7% – Should You Sell?

Vistry Group PLC (LON:VTY)’s share price was down 16.7% on Tuesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 544.50 ($6.83). Approximately 449,724,938 shares were traded during mid-day trading, an increase of 11,817% from the average daily volume of 3,773,834 shares. The stock had previously closed at GBX 654 ($8.20).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their target price on shares of Vistry Group from GBX 830 ($10.41) to GBX 690 ($8.65) and set a “neutral” rating for the company in a research report on Thursday, December 5th.

Vistry Group Stock Performance

The firm has a 50-day simple moving average of GBX 751.78 and a two-hundred day simple moving average of GBX 1,097.66. 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 company has a market capitalization of £1.83 billion, a price-to-earnings ratio of 752.05, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14.

Insider Activity at Vistry Group

In other Vistry Group news, insider Greg Fitzgerald acquired 20,498 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was purchased at an average cost of GBX 966 ($12.12) per share, for a total transaction of £198,010.68 ($248,351.54). Also, insider Usman Nabi bought 800,000 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were bought at an average price of GBX 931 ($11.68) per share, for a total transaction of £7,448,000 ($9,341,527.66). In the last quarter, insiders bought 1,324,543 shares of company stock valued at $1,136,907,044. 0.64% of the stock is owned by corporate insiders.

About Vistry Group

Vistry Group PLC, together with its subsidiaries, provides housing solutions in the United Kingdom. It offers o single family housing model. The company was formerly known as Bovis Homes Group PLC and changed its name to Vistry Group PLC in January 2020. Vistry Group PLC was founded in 1885 and is headquartered in West Malling, the United Kingdom.