Vistry Group (LON:VTY) Given New GBX 500 Price Target at Royal Bank of Canada

Vistry Group (LON:VTY) had its target price raised by research analysts at Royal Bank of Canada from GBX 475 ($6.15) to GBX 500 ($6.47) in a research report issued to clients and investors on Friday, MarketBeat.com reports. The firm currently has an “underperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential downside of 14.38% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Berenberg Bank cut their price target on Vistry Group from GBX 750 ($9.71) to GBX 650 ($8.41) and set a “hold” rating for the company in a report on Thursday, January 2nd. JPMorgan Chase & Co. reduced their target price on shares of Vistry Group from GBX 830 ($10.74) to GBX 690 ($8.93) and set a “neutral” rating on the stock in a report on Thursday, December 5th.

Vistry Group Stock Performance

LON:VTY opened at GBX 584 ($7.56) on Friday. 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 company has a market capitalization of £1.91 billion, a P/E ratio of 7.76, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The firm has a 50-day moving average price of GBX 607.09 and a two-hundred day moving average price of GBX 768.29. Vistry Group has a twelve month low of GBX 511 ($6.61) and a twelve month high of GBX 1,436 ($18.59).

Vistry Group (LON:VTY) last issued its quarterly earnings data on Wednesday, March 26th. The company reported GBX 55.90 ($0.72) earnings per share for the quarter. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%. As a group, research analysts expect that Vistry Group will post 108.4606345 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Tim Lawlor sold 2,234 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of GBX 593 ($7.68), for a total transaction of £13,247.62 ($17,146.80). Company insiders own 0.64% of the company’s stock.

About Vistry Group

Vistry Group is one of the UK’s leading homebuilders with a top tier housebuilder and leading Partnerships business. Our purpose is to develop sustainable new homes and communities across all sectors of the housing market through our leading brands, Bovis Homes, Linden Homes, Vistry Partnerships and Drew Smith.

Our housebuilding division operates across 13 business units, each with a regional office, which are developing hundreds of sites across England.