Vistry Group (LON:VTY) Stock Price Down 16.1% – What’s Next?

Shares of Vistry Group PLC (LON:VTY) dropped 16.1% during trading on Tuesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). Approximately 4,971,120 shares traded hands during trading, an increase of 148% from the average daily volume of 2,001,906 shares. The stock had previously closed at GBX 654 ($8.20).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their target price on shares of Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating for the company in a research report on Thursday, December 5th.

Vistry Group Stock Performance

The company has a market capitalization of £1.83 billion, a price-to-earnings ratio of 752.05, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15. The firm has a 50-day simple moving average of GBX 768.49 and a two-hundred day simple moving average of GBX 1,108.

Insider Buying and Selling

In related news, insider Greg Fitzgerald bought 20,498 shares of the firm’s stock in a transaction on Tuesday, October 8th. The stock was purchased at an average price of GBX 966 ($12.11) per share, with a total value of £198,010.68 ($248,227.00). Also, insider Usman Nabi acquired 800,000 shares of Vistry Group stock in a transaction dated Thursday, October 10th. The stock was purchased at an average price of GBX 931 ($11.67) per share, with a total value of £7,448,000 ($9,336,843.42). Over the last quarter, insiders have bought 1,324,543 shares of company stock worth $1,136,907,044. Insiders own 0.64% of the company’s stock.

Vistry Group Company Profile

Vistry Group PLC, together with its subsidiaries, provides housing solutions in the United Kingdom. It offers o single family housing model. The company was formerly known as Bovis Homes Group PLC and changed its name to Vistry Group PLC in January 2020. Vistry Group PLC was founded in 1885 and is headquartered in West Malling, the United Kingdom.