Vistry Group (LON:VTY) Price Target Cut to GBX 650 by Analysts at Berenberg Bank

Vistry Group (LON:VTY) had its target price dropped by analysts at Berenberg Bank from GBX 750 ($9.28) to GBX 650 ($8.05) in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 17.12% from the company’s current price.

Separately, JPMorgan Chase & Co. reduced their target price on Vistry Group from GBX 830 ($10.27) to GBX 690 ($8.54) and set a “neutral” rating for the company in a report on Thursday, December 5th.

Vistry Group Stock Down 1.8 %

Shares of Vistry Group stock traded down GBX 10 ($0.12) on Thursday, reaching GBX 555 ($6.87). 1,014,933 shares of the company were exchanged, compared to its average volume of 1,011,912. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56. Vistry Group has a 1-year low of GBX 523 ($6.47) and a 1-year high of GBX 1,436 ($17.77). The company has a market cap of £1.85 billion, a P/E ratio of 760.27, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The stock’s 50 day moving average price is GBX 702.27 and its 200-day moving average price is GBX 1,068.65.

Insider Buying and Selling at Vistry Group

In other Vistry Group news, insider Helen Owers purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were purchased at an average cost of GBX 944 ($11.68) per share, for a total transaction of £37,760 ($46,738.46). Also, insider Usman Nabi acquired 500,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was acquired at an average price of GBX 737 ($9.12) per share, with a total value of £3,685,000 ($4,561,208.07). In the last ninety days, insiders have purchased 1,324,543 shares of company stock worth $1,136,907,044. 0.64% of the stock is currently owned by 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.