Vistry Group (LON:VTY) Stock Price Down 16.1% – Time to Sell?

Shares of Vistry Group PLC (LON:VTY) dropped 16.1% during mid-day trading on Wednesday . The company traded as low as GBX 523 ($6.55) and last traded at GBX 549 ($6.88). Approximately 4,971,120 shares changed hands during mid-day 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).

Analyst Ratings Changes

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

Vistry Group Price Performance

The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64. The business’s fifty day simple moving average is GBX 743.04 and its 200 day simple moving average is GBX 1,092.73. The stock has a market cap of £1.85 billion, a price-to-earnings ratio of 759.35, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14.

Insider Buying and Selling

In related news, insider Usman Nabi purchased 500,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average price of GBX 737 ($9.24) per share, for a total transaction of £3,685,000 ($4,617,794.49). Also, insider Greg Fitzgerald acquired 20,498 shares of Vistry Group stock in a transaction on Tuesday, October 8th. The shares were bought at an average price of GBX 966 ($12.11) per share, for a total transaction of £198,010.68 ($248,133.68). Over the last 90 days, insiders have acquired 1,324,543 shares of company stock worth $1,136,907,044. 0.64% of the stock is currently owned by corporate insiders.

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.