Vistry Group (LON:VTY) Sets New 12-Month Low – Should You Sell?

Vistry Group PLC (LON:VTY) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 260.60 and last traded at GBX 264.60, with a volume of 4977757 shares traded. The stock had previously closed at GBX 280.20.

Wall Street Analyst Weigh In

Several research firms have issued reports on VTY. Stifel Nicolaus upgraded shares of Vistry Group to a “buy” rating and lowered their price target for the stock from GBX 670 to GBX 610 in a report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft lowered shares of Vistry Group to a “hold” rating and lowered their price target for the stock from GBX 803 to GBX 600 in a report on Thursday, March 5th. Jefferies Financial Group restated a “hold” rating and set a GBX 511 price target on shares of Vistry Group in a report on Wednesday, May 13th. Bank of America lowered their price target on shares of Vistry Group from GBX 490 to GBX 350 and set an “underperform” rating for the company in a report on Monday, March 30th. Finally, Royal Bank Of Canada lowered their price target on shares of Vistry Group from GBX 475 to GBX 385 and set a “buy” rating for the company in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Vistry Group has a consensus rating of “Hold” and a consensus price target of GBX 541.80.

Vistry Group Trading Down 2.1%

The company has a debt-to-equity ratio of 17.93, a quick ratio of 0.56 and a current ratio of 2.52. The firm’s fifty day simple moving average is GBX 347.97 and its 200-day simple moving average is GBX 544.72. The stock has a market cap of £823.55 million, a P/E ratio of 6.17, a price-to-earnings-growth ratio of -0.20 and a beta of 1.88.

Vistry Group (LON:VTY) last released its quarterly earnings results on Wednesday, March 4th. The company reported GBX 59.30 earnings per share (EPS) for the quarter. Vistry Group had a net margin of 3.82% and a return on equity of 4.20%. Equities research analysts expect that Vistry Group PLC will post 108.4606345 EPS for the current fiscal year.

Vistry Group announced that its Board of Directors has approved a stock repurchase program on Monday, February 2nd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Vistry Group

In related news, insider Paul Whetsell acquired 6,000 shares of Vistry Group stock in a transaction dated Wednesday, March 4th. The stock was bought at an average price of GBX 474 per share, with a total value of £28,440. Also, insider Rob Woodward acquired 18,319 shares of Vistry Group stock in a transaction dated Monday, April 20th. The shares were bought at an average cost of GBX 353 per share, with a total value of £64,666.07. In the last quarter, insiders purchased 24,399 shares of company stock worth $9,340,911. Corporate insiders own 9.99% of the company’s stock.

About Vistry Group

Vistry Group is a leading homebuilder developing in partnership to deliver sustainable homes, communities, and social value, leaving a lasting legacy of places where people love to live.

Operating across 25 regions, we build homes for those who need them right across the UK. Our partners include Registered Providers, Local Authorities, Homes England and Private Rented Sector providers.

Our timber manufacturing capability, Vistry Works, is at the core of our strategy to deliver more quality homes, faster.

We sell homes on the open market through three respected brands: Bovis Homes, Linden Homes, and Countryside Homes.