Vistry Group (LON:VTY) Trading Down 16.1% – Here’s What Happened

Vistry Group PLC (LON:VTY)’s share price traded down 16.1% on Wednesday . The stock traded as low as GBX 523 ($6.55) and last traded at GBX 549 ($6.88). 4,971,120 shares changed hands 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).

Analyst Upgrades and Downgrades

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

Vistry Group Stock Up 1.2 %

The firm has a fifty day moving average price of GBX 743.04 and a 200-day moving average price of GBX 1,092.73. The firm has a market cap of £1.85 billion, a price-to-earnings ratio of 758.90, 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

In other news, insider Usman Nabi bought 800,000 shares of Vistry Group stock in a transaction that occurred on Thursday, October 10th. The shares were purchased at an average price of GBX 931 ($11.67) per share, for a total transaction of £7,448,000 ($9,333,333.33). Also, insider Helen Owers purchased 4,000 shares of the company’s stock in a transaction on Monday, October 14th. The shares were purchased at an average price of GBX 944 ($11.83) per share, with a total value of £37,760 ($47,318.30). Insiders purchased a total of 1,324,543 shares of company stock valued at $1,136,907,044 in the last 90 days. 0.64% of the stock is currently owned by insiders.

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.