Vistry Group (LON:VTY) Stock Price Down 16.1% – Here’s Why

Vistry Group PLC (LON:VTYGet Free Report)’s share price was down 16.1% on Wednesday . The company traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). Approximately 4,971,120 shares traded hands 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).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced 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.

View Our Latest Analysis on VTY

Vistry Group Price Performance

The company has a quick ratio of 0.56, a current ratio of 2.64 and a debt-to-equity ratio of 22.15. The firm has a market cap 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 stock has a 50 day moving average price of GBX 760.20 and a two-hundred day moving average price of GBX 1,102.80.

Insiders Place Their Bets

In other news, insider Helen Owers acquired 4,000 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were acquired at an average cost of GBX 944 ($11.83) per share, with a total value of £37,760 ($47,336.09). Also, insider Usman Nabi bought 500,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average cost of GBX 737 ($9.24) per share, with a total value of £3,685,000 ($4,619,531.15). In the last quarter, insiders have purchased 1,324,543 shares of company stock valued at $1,136,907,044. Insiders own 0.64% of the company’s stock.

Vistry Group Company Profile

(Get Free Report)

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.

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