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

Vistry Group PLC (LON:VTY) traded down 16.1% on Wednesday . The company traded as low as GBX 523 ($6.55) and last traded at GBX 549 ($6.88). 4,971,120 shares were traded 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).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating for the company in a research report on Thursday, December 5th.

Vistry Group Price 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 business’s fifty day simple moving average is GBX 743.04 and its 200 day simple moving average is GBX 1,092.73. The stock has a market cap of £1.84 billion, a price-to-earnings ratio of 756.85, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14.

Insider Buying and Selling

In related news, insider Usman Nabi purchased 500,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average cost of GBX 737 ($9.24) per share, with a total value of £3,685,000 ($4,617,794.49). Also, insider Greg Fitzgerald acquired 20,498 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were bought at an average cost of GBX 966 ($12.11) per share, with a total value of £198,010.68 ($248,133.68). Over the last 90 days, insiders have acquired 1,324,543 shares of company stock worth $1,136,907,044. 0.64% of the stock is currently 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.