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

Shares of Vistry Group PLC (LON:VTY) traded down 16.1% during trading on Wednesday . The stock traded as low as GBX 523 ($6.55) and last traded at GBX 549 ($6.88). 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).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their target price 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 report on Thursday, December 5th.

Vistry Group Stock Performance

The firm has a fifty day moving average of GBX 743.04 and a 200 day moving average of GBX 1,092.73. 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 stock has a market capitalization of £1.85 billion, a price-to-earnings ratio of 760.96, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14.

Insider Transactions at Vistry Group

In other news, insider Usman Nabi acquired 500,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was bought at an average price of GBX 737 ($9.24) per share, with a total value of £3,685,000 ($4,617,794.49). Also, insider Helen Owers purchased 4,000 shares of the stock in a transaction on Monday, October 14th. The shares were acquired at an average price of GBX 944 ($11.83) per share, for a total transaction of £37,760 ($47,318.30). Insiders have bought 1,324,543 shares of company stock valued at $1,136,907,044 in the last 90 days. 0.64% of the stock is currently owned by company 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.