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

Vistry Group PLC (LON:VTY) shares were down 16.1% during mid-day trading on Wednesday . The stock 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. dropped their price objective on shares of Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating for the company in a research note on Thursday, December 5th.

Vistry Group Stock Performance

The stock 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 firm’s fifty day moving average is GBX 760.20 and its 200-day moving average is GBX 1,102.80. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15.

Insider Transactions at Vistry Group

In related news, insider Usman Nabi acquired 500,000 shares of the stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of GBX 737 ($9.24) per share, with a total value of £3,685,000 ($4,619,531.15). Also, insider Greg Fitzgerald acquired 20,498 shares of Vistry Group stock in a transaction dated Tuesday, October 8th. The stock was purchased at an average price of GBX 966 ($12.11) per share, for a total transaction of £198,010.68 ($248,227.00). Insiders bought a total of 1,324,543 shares of company stock worth $1,136,907,044 over the last ninety days. Company 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.