Vistry Group (LON:VTY) Price Target Lowered to GBX 650 at Berenberg Bank

Vistry Group (LON:VTY) had its target price trimmed by Berenberg Bank from GBX 750 ($9.28) to GBX 650 ($8.05) in a research report sent to investors on Thursday, MarketBeat Ratings reports. The firm currently has a hold rating on the stock.

Separately, JPMorgan Chase & Co. cut their price target on shares of Vistry Group from GBX 830 ($10.27) to GBX 690 ($8.54) and set a “neutral” rating for the company in a report on Thursday, December 5th.

Vistry Group Price Performance

Shares of VTY traded down GBX 10 ($0.12) during midday trading on Thursday, reaching GBX 555 ($6.87). The stock had a trading volume of 1,014,933 shares, compared to its average volume of 1,011,912. 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 market capitalization of £1.85 billion, a P/E ratio of 760.27, a P/E/G ratio of -0.20 and a beta of 2.14. The firm’s 50 day moving average price is GBX 702.27 and its 200-day moving average price is GBX 1,068.65. Vistry Group has a 52 week low of GBX 523 ($6.47) and a 52 week high of GBX 1,436 ($17.77).

Insider Activity

In other Vistry Group news, insider Greg Fitzgerald purchased 20,498 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were purchased at an average cost of GBX 966 ($11.96) per share, with a total value of £198,010.68 ($245,093.06). Also, insider Usman Nabi purchased 800,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were bought at an average price of GBX 931 ($11.52) per share, with a total value of £7,448,000 ($9,218,962.74). Insiders purchased a total of 1,324,543 shares of company stock valued at $1,136,907,044 over the last three months. Insiders own 0.64% of the company’s stock.

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.