Vistry Group (LON:VTY) Shares Down 16.1% – What’s Next?

Shares of Vistry Group PLC (LON:VTY) dropped 16.1% during trading on Tuesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). Approximately 4,971,120 shares traded hands during mid-day trading, an increase of 148% from the average daily volume of 2,001,906 shares. The stock had previously closed at GBX 654 ($8.20).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price target on 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 Down 16.1 %

The company has a market cap of £1.83 billion, a PE 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 quick ratio of 0.56 and a current ratio of 2.64. The firm has a fifty day simple moving average of GBX 768.49 and a 200 day simple moving average of GBX 1,108.

Insider Activity at Vistry Group

In other news, insider Usman Nabi bought 500,000 shares of Vistry Group stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of GBX 737 ($9.24) per share, for a total transaction of £3,685,000 ($4,619,531.15). Also, insider Helen Owers purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was acquired at an average price of GBX 944 ($11.83) per share, for a total transaction of £37,760 ($47,336.09). Over the last three months, insiders purchased 1,324,543 shares of company stock worth $1,136,907,044. 0.64% of the stock is 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.