Vistry Group (LON:VTY) Stock Price Down 16.1% – Time to Sell?

Vistry Group PLC (LON:VTY)’s share price was down 16.1% during trading on Wednesday . The company traded as low as GBX 523 ($6.55) and last traded at GBX 549 ($6.88). Approximately 4,971,120 shares were traded 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 Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating on the stock in a research report on Thursday, December 5th.

Vistry Group Stock Performance

The stock has a market capitalization of £1.84 billion, a PE ratio of 756.85, a P/E/G 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 50 day moving average of GBX 743.04 and a 200-day moving average of GBX 1,092.73.

Insider Activity

In related news, insider Usman Nabi acquired 500,000 shares of the company’s stock in a transaction 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 ($4,617,794.49). Also, insider Greg Fitzgerald bought 20,498 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was bought at an average price of GBX 966 ($12.11) per share, with a total value of £198,010.68 ($248,133.68). Insiders have acquired 1,324,543 shares of company stock worth $1,136,907,044 in the last 90 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.