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

Shares of Vistry Group PLC (LON:VTY) fell 16.1% during trading on Tuesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 548.68 ($6.88). 479,208,750 shares were traded during mid-day trading, an increase of 12,215% from the average session volume of 3,891,300 shares. The stock had previously closed at GBX 654 ($8.20).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped 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 report on Thursday, December 5th.

Vistry Group Stock Performance

The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64. The company has a market capitalization of £1.83 billion, a price-to-earnings ratio of 752.05, a P/E/G ratio of -0.20 and a beta of 2.14. 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.

Insider Activity at Vistry Group

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

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.