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

Vistry Group PLC (LON:VTY) traded down 16.1% on Wednesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). 4,971,120 shares traded hands during trading, an increase of 148% from the average session volume of 2,001,906 shares. The stock had previously closed at GBX 654 ($8.20).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their target price on 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 Down 16.1 %

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 stock has a market capitalization of £1.83 billion, a P/E ratio of 752.05, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The stock has a fifty day moving average price of GBX 760.20 and a 200 day moving average price of GBX 1,102.80.

Insider Activity

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