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

Vistry Group PLC (LON:VTY)’s stock price dropped 16.1% during mid-day 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 were traded 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).

Wall Street Analyst Weigh In

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 note on Thursday, December 5th.

Vistry Group Stock Performance

The company has a market cap of £1.83 billion, a P/E ratio of 752.05, a PEG ratio of -0.20 and a beta of 2.14. The stock has a fifty day moving average price of GBX 768.49 and a two-hundred day moving average price of GBX 1,108. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56.

Insiders Place Their Bets

In other news, insider Usman Nabi purchased 500,000 shares of the stock in a transaction dated Friday, November 8th. The shares were bought at an average cost of GBX 737 ($9.24) per share, for a total transaction of £3,685,000 ($4,619,531.15). Also, insider Greg Fitzgerald acquired 20,498 shares of the business’s stock in a transaction dated Tuesday, October 8th. The stock was purchased at an average price of GBX 966 ($12.11) per share, with a total value of £198,010.68 ($248,227.00). In the last quarter, insiders acquired 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.