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

Vistry Group PLC (LON:VTY)’s stock price dropped 16.1% during trading on Tuesday . The company traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). Approximately 4,971,120 shares changed hands during 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).

Analyst Ratings Changes

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 on the stock in a report on Thursday, December 5th.

Vistry Group Trading Down 16.1 %

The firm has a market capitalization of £1.83 billion, a PE ratio of 752.05, a price-to-earnings-growth 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. The company has a fifty day moving average of GBX 768.49 and a 200-day moving average of GBX 1,108.

Insider Transactions at Vistry Group

In related news, insider Greg Fitzgerald bought 20,498 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were acquired at an average price of GBX 966 ($12.11) per share, with a total value of £198,010.68 ($248,227.00). Also, insider Usman Nabi purchased 800,000 shares of Vistry Group stock in a transaction on Thursday, October 10th. The stock was bought at an average cost of GBX 931 ($11.67) per share, with a total value of £7,448,000 ($9,336,843.42). In the last quarter, insiders purchased 1,324,543 shares of company stock worth $1,136,907,044. 0.64% of the stock is owned by corporate insiders.

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.