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 ($6.56) and last traded at GBX 549 ($6.89). 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).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their price target on shares of Vistry Group from GBX 830 ($10.41) to GBX 690 ($8.65) and set a “neutral” rating on the stock in a research note on Thursday, December 5th.

Vistry Group Trading Down 16.1 %

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 has a fifty day simple moving average of GBX 751.78 and a 200 day simple moving average of GBX 1,097.66. The stock has a market cap of £1.83 billion, a price-to-earnings ratio of 752.05, a PEG ratio of -0.20 and a beta of 2.14.

Insider Activity at Vistry Group

In other news, insider Usman Nabi acquired 800,000 shares of Vistry Group stock in a transaction that occurred on Thursday, October 10th. The shares were acquired at an average price of GBX 931 ($11.68) per share, with a total value of £7,448,000 ($9,341,527.66). Also, insider Helen Owers purchased 4,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was acquired at an average price of GBX 944 ($11.84) per share, with a total value of £37,760 ($47,359.84). Insiders have purchased a total of 1,324,543 shares of company stock valued at $1,136,907,044 over the last quarter. 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.