Vistry Group (LON:VTY) Shares Down 16.1% - What's Next?

Shares of Vistry Group PLC (LON:VTY) experienced a significant drop of 16.1% during midday trading on Wednesday. The stock hit a low of GBX 523 ($6.56) before last trading at GBX 549 ($6.88). A total of 4,971,120 shares exchanged hands, reflecting a substantial increase of 148% from the average trading volume of 2,001,906 shares. Prior to this decline, the stock had closed at GBX 654 ($8.20).

Analyst Ratings Changes

Recent updates from analysts have also impacted the stock. Specifically, JPMorgan Chase & Co. revised their price target for Vistry Group shares, lowering it from GBX 830 ($10.40) to GBX 690 ($8.65). They have assigned a "neutral" rating to the stock in their research note dated December 5th.

Vistry Group Trading Down 16.1 %

Financial metrics for Vistry Group indicate a debt-to-equity ratio of 22.15. The company reports a quick ratio of 0.56 and a current ratio of 2.64. Vistry Group currently has a market capitalization of £1.83 billion, with a P/E ratio standing at 752.05 and a negative P/E/G ratio of -0.20. The stock’s beta is recorded at 2.14, suggesting higher volatility compared to the market. Furthermore, it has a 50-day simple moving average of GBX 760.20 and a 200-day simple moving average of GBX 1,102.80.

Insider Activity at Vistry Group

In related news, insider Helen Owers acquired 4,000 shares of Vistry at an average price of GBX 944 ($11.83) per share, making a total purchase of £37,760 ($47,336.09) on October 14th. In a considerably larger acquisition, insider Usman Nabi purchased 500,000 shares at an average price of GBX 737 ($9.24) on November 8th, totaling £3,685,000 ($4,619,531.15). Over the past ninety days, insiders have bought a total of 1,324,543 shares valued at $1,136,907,044, meaning insiders own about 0.64% of the company's stock.

About Vistry Group

Vistry Group PLC, along with its subsidiaries, is a prominent provider of housing solutions across the United Kingdom. The company offers a single family housing model. Established in 1885, it was previously known as Bovis Homes Group PLC and rebranded to Vistry Group PLC in January 2020, with its headquarters located in West Malling, United Kingdom.

Vistry, Stocks, Analysis