Vistry Group (LON:VTY) Shares Down 16.1% – Here’s What Happened

Vistry Group PLC (LON:VTY)’s stock price traded down 16.1% on Tuesday . The company traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.89). 4,971,120 shares changed hands during mid-day trading, an increase of 148% from the average session 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. reduced their price objective 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 Trading Down 16.1 %

The company has a 50 day moving average of GBX 751.78 and a two-hundred day moving average of GBX 1,097.66. The stock has a market capitalization of £1.83 billion, a PE ratio of 752.05, a P/E/G ratio of -0.20 and a beta of 2.14. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64.

Insider Activity

In related news, insider Usman Nabi acquired 800,000 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were purchased at an average cost of GBX 931 ($11.68) per share, with a total value of £7,448,000 ($9,341,527.66). Also, insider Greg Fitzgerald bought 20,498 shares of Vistry Group stock in a transaction that occurred on Tuesday, October 8th. The stock was purchased at an average price of GBX 966 ($12.12) per share, with a total value of £198,010.68 ($248,351.54). Insiders have purchased a total of 1,324,543 shares of company stock worth $1,136,907,044 over the last 90 days. 0.64% of the stock is currently owned by corporate insiders.

Vistry Group Company Profile

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.