Vistry Group (LON:VTY) Trading Down 16.1% – What’s Next?

Shares of Vistry Group PLC (LON:VTY) dropped 16.1% during mid-day trading on Tuesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.89). Approximately 4,971,120 shares were traded during mid-day trading, an increase of 148% from the average daily volume of 2,001,906 shares. The stock had previously closed at GBX 654 ($8.20).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased 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 note on Thursday, December 5th.

Vistry Group Price Performance

The firm has a 50-day simple moving average of GBX 751.78 and a 200-day simple moving average of GBX 1,097.66. The firm has a market capitalization of £1.83 billion, a PE ratio of 752.05, a PEG ratio of -0.20 and a beta of 2.14. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56.

Insider Buying and Selling

In other Vistry Group news, insider Usman Nabi acquired 800,000 shares of Vistry Group stock in a transaction that occurred on Thursday, October 10th. The stock was bought at an average price of GBX 931 ($11.68) per share, with a total value of £7,448,000 ($9,341,527.66). Also, insider Helen Owers bought 4,000 shares of the company’s stock in a transaction on Monday, October 14th. The shares were bought at an average cost of GBX 944 ($11.84) per share, for a total transaction of £37,760 ($47,359.84). Over the last quarter, insiders have acquired 1,324,543 shares of company stock valued at $1,136,907,044. 0.64% of the stock is owned by 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.