Vistry Group (LON:VTY) Shares Down 16.1% – Time to Sell?

Vistry Group PLC (LON:VTY) shares traded down 16.1% on Wednesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). 4,971,120 shares traded hands during 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 Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut 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 Stock Performance

The firm’s fifty day moving average is GBX 760.20 and its 200 day moving average is GBX 1,102.80. The firm has a market capitalization of £1.83 billion, a price-to-earnings ratio of 752.05, 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.

Insider Buying and Selling

In other news, insider Helen Owers bought 4,000 shares of the stock in a transaction dated Monday, October 14th. The shares were acquired at an average price of GBX 944 ($11.83) per share, with a total value of £37,760 ($47,336.09). Also, insider Usman Nabi acquired 500,000 shares of the company’s stock in a transaction that occurred 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 ($4,619,531.15). Over the last three months, insiders acquired 1,324,543 shares of company stock worth $1,136,907,044. Corporate insiders own 0.64% of the company’s stock.

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.