Berenberg Bank Cuts Vistry Group (LON:VTY) Price Target to GBX 650

Vistry Group (LON:VTY) had its price target reduced by Berenberg Bank from GBX 750 ($9.32) to GBX 650 ($8.07) in a research report released on Thursday, MarketBeat Ratings reports. They currently have a hold rating on the stock.

Separately, JPMorgan Chase & Co. lowered their price target on shares of Vistry Group from GBX 830 ($10.31) to GBX 690 ($8.57) and set a “neutral” rating on the stock in a research note on Thursday, December 5th.

Vistry Group Stock Down 1.8 %

VTY opened at GBX 555 ($6.89) on Thursday. The business has a 50 day simple moving average of GBX 694.36 and a 200-day simple moving average of GBX 1,065.06. Vistry Group has a 12 month low of GBX 523 ($6.50) and a 12 month high of GBX 1,436 ($17.84). The stock has a market capitalization of £1.85 billion, a P/E ratio of 760.27, a P/E/G ratio of -0.20 and a beta of 2.14. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56.

Insider Buying and Selling at Vistry Group

In other news, insider Helen Owers bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was purchased at an average price of GBX 944 ($11.73) per share, with a total value of £37,760 ($46,906.83). Also, insider Usman Nabi purchased 500,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of GBX 737 ($9.16) per share, for a total transaction of £3,685,000 ($4,577,639.75). Over the last 90 days, insiders have bought 1,324,543 shares of company stock valued at $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.