Royal Bank Of Canada Reiterates Underperform Rating for Vistry Group (LON:VTY)

Vistry Group (LON:VTY)‘s stock had its “underperform” rating restated by equities research analysts at Royal Bank Of Canada in a research note issued on Friday, London Stock Exchange reports. They presently have a GBX 180 target price on the stock. Royal Bank Of Canada’s target price indicates a potential downside of 33.69% from the company’s current price.

Several other research firms also recently commented on VTY. JPMorgan Chase & Co. reduced their price target on shares of Vistry Group from GBX 430 to GBX 210 and set an “underweight” rating on the stock in a research note on Monday, June 15th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 274 price objective on shares of Vistry Group in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Vistry Group presently has an average rating of “Reduce” and an average price target of GBX 422.14.

Vistry Group Stock Performance

VTY stock opened at GBX 271.47 on Friday. Vistry Group has a twelve month low of GBX 220 and a twelve month high of GBX 746.40. The firm has a market cap of £862.90 million, a price-to-earnings ratio of 6.46, a PEG ratio of -0.20 and a beta of 1.86. The business’s fifty day simple moving average is GBX 277.01 and its two-hundred day simple moving average is GBX 304.21. The company has a quick ratio of 0.56, a current ratio of 2.52 and a debt-to-equity ratio of 17.93.

Insider Activity

In other news, insider Paul Whetsell acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 14th. The stock was purchased at an average cost of GBX 253 per share, for a total transaction of £37,950. Also, insider Adam Daniels acquired 38,372 shares of the stock in a transaction that occurred on Wednesday, July 15th. The stock was acquired at an average cost of GBX 261 per share, with a total value of £100,150.92. Insiders own 1.23% 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.