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

Vistry Group PLC (LON:VTY) fell 16.1% during mid-day trading on Tuesday . The company traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.89). 4,971,120 shares were traded during trading, an increase of 148% from the average session volume of 2,001,906 shares. The stock had previously closed at GBX 654 ($8.20).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price objective on Vistry Group from GBX 830 ($10.41) to GBX 690 ($8.65) and set a “neutral” rating for the company in a research report on Thursday, December 5th.

Vistry Group Trading Down 16.1 %

The business’s 50-day simple moving average is GBX 751.78 and its two-hundred day simple moving average is GBX 1,097.66. The firm has a market capitalization of £1.83 billion, a price-to-earnings ratio of 752.05, a PEG ratio of -0.20 and a beta of 2.14. The company has a quick ratio of 0.56, a current ratio of 2.64 and a debt-to-equity ratio of 22.15.

Insider Activity at Vistry Group

In other news, insider Usman Nabi acquired 500,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of GBX 737 ($9.24) per share, with a total value of £3,685,000 ($4,621,848.74). Also, insider Helen Owers bought 4,000 shares of the company’s stock in a transaction on Monday, October 14th. The stock was purchased at an average cost of GBX 944 ($11.84) per share, with a total value of £37,760 ($47,359.84). In the last quarter, insiders purchased 1,324,543 shares of company stock worth $1,136,907,044. Insiders own 0.64% of the company’s stock.

About Vistry Group

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.