Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Vistry Group (LON:VTY) Stock Price

Vistry Group (LON:VTY) had its price target increased by research analysts at Deutsche Bank Aktiengesellschaft from GBX 684 to GBX 803 in a report issued on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 26.10% from the company’s previous close.

A number of other research firms have also recently commented on VTY. JPMorgan Chase & Co. lifted their price objective on Vistry Group from GBX 570 to GBX 640 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Jefferies Financial Group lowered their price target on shares of Vistry Group from GBX 628 to GBX 608 and set a “hold” rating for the company in a report on Monday, November 10th. Finally, The Goldman Sachs Group started coverage on shares of Vistry Group in a research note on Monday, November 24th. They set a “buy” rating and a GBX 731 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 622.88.

Vistry Group Price Performance

LON:VTY traded up GBX 15.40 during trading hours on Wednesday, reaching GBX 636.80. 1,774,496 shares of the company traded hands, compared to its average volume of 4,360,881. 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 firm’s 50-day moving average is GBX 638.72 and its 200-day moving average is GBX 630.81. The stock has a market cap of £2.04 billion, a P/E ratio of 56.86, a P/E/G ratio of -0.20 and a beta of 2.14. Vistry Group has a 1-year low of GBX 486.70 and a 1-year high of GBX 723.03.

Vistry Group announced that its board has initiated a share buyback plan on Thursday, September 25th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management 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. The design and construction of our housing ranges blend tradition and innovation, creating homes and developments with contemporary living standards.

Following the acquisition of Countryside Partnerships, Vistry’s Partnerships division is a market leader in the high-growth partnerships business.