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

Vistry Group PLC (LON:VTY) traded down 16.1% on Wednesday . The stock traded as low as GBX 523 ($6.55) and last traded at GBX 549 ($6.88). 4,971,120 shares traded 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. decreased their target price on Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating on the stock in a research report on Thursday, December 5th.

Vistry Group Trading Up 1.5 %

The company has a market cap of £1.85 billion, a price-to-earnings ratio of 760.96, 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. The business’s 50-day simple moving average is GBX 743.04 and its 200-day simple moving average is GBX 1,092.73.

Insider Buying and Selling

In related news, insider Usman Nabi acquired 800,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was purchased at an average price of GBX 931 ($11.67) per share, for a total transaction of £7,448,000 ($9,333,333.33). Also, insider Greg Fitzgerald bought 20,498 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was purchased at an average cost of GBX 966 ($12.11) per share, with a total value of £198,010.68 ($248,133.68). Insiders purchased 1,324,543 shares of company stock worth $1,136,907,044 in the last ninety days. 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.