Berenberg Bank Reaffirms Hold Rating for Vistry Group (LON:VTY)

Vistry Group (LON:VTY)‘s stock had its “hold” rating reaffirmed by Berenberg Bank in a report released on Monday, MarketBeat reports. They presently have a GBX 650 target price on the stock. Berenberg Bank’s price objective suggests a potential upside of 7.65% from the company’s current price.

VTY has been the subject of several other reports. UBS Group reiterated a “sell” rating and issued a GBX 450 price objective on shares of Vistry Group in a research report on Friday, September 5th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Vistry Group in a research report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 684 price objective on shares of Vistry Group in a research report on Friday, July 11th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of GBX 594.80.

Vistry Group Stock Performance

Shares of VTY stock opened at GBX 603.80 on Monday. 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 cap of £1.95 billion, a PE ratio of 2,769.72, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The stock has a 50-day moving average of GBX 615.46 and a 200-day moving average of GBX 612.08. Vistry Group has a one year low of GBX 486.70 and a one year high of GBX 1,393.

Vistry Group declared that its board has authorized a share repurchase program on Monday, August 11th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Greg Fitzgerald purchased 84,068 shares of Vistry Group stock in a transaction on Tuesday, August 5th. The stock was purchased at an average price of GBX 590 per share, with a total value of £496,001.20. Over the last three months, insiders purchased 84,139 shares of company stock worth $49,645,011. Corporate insiders own 10.61% of the company’s stock.

About Vistry Group

Vistry Group is one of the UK’s leading homebuilders with a top tier housebuilder and leading Partnerships business. Our purpose is to develop sustainable new homes and communities across all sectors of the housing market through our leading brands, Bovis Homes, Linden Homes, Vistry Partnerships and Drew Smith.

Our housebuilding division operates across 13 business units, each with a regional office, which are developing hundreds of sites across England.