Vistry Group (LON:VTY) Price Target Raised to GBX 640

Vistry Group (LON:VTY) had its price target lifted by JPMorgan Chase & Co. from GBX 570 to GBX 640 in a research report released on Thursday morning, MarketBeat reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other research analysts also recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of Vistry Group from GBX 475 to GBX 500 and gave the company an “underperform” rating in a research report on Wednesday, September 10th. UBS Group restated a “sell” rating and set a GBX 450 price target on shares of Vistry Group in a report on Friday, September 5th. Berenberg Bank reiterated a “hold” rating and set a GBX 650 price objective on shares of Vistry Group in a report on Monday, September 8th. The Goldman Sachs Group started coverage on Vistry Group in a research report on Monday, November 24th. They set a “buy” rating and a GBX 731 price objective for the company. Finally, Citigroup lowered their target price on Vistry Group from GBX 602 to GBX 601 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 608.

Vistry Group Stock Performance

VTY opened at GBX 640.80 on Thursday. Vistry Group has a 1 year low of GBX 486.70 and a 1 year high of GBX 722.40. The stock has a market cap of £2.05 billion, a PE ratio of 57.21, a P/E/G ratio of -0.20 and a beta of 2.14. The stock’s 50 day simple moving average is GBX 643.74 and its 200-day simple moving average is GBX 628.09. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15.

Vistry Group (LON:VTY) last posted its quarterly earnings data on Wednesday, September 10th. The company reported GBX 17.60 EPS for the quarter. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%. Sell-side analysts forecast that Vistry Group will post 108.4606345 EPS for the current year.

Vistry Group announced that its Board of Directors has authorized a share repurchase program on Monday, August 11th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Vistry Group Company Profile

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.