JPMorgan Chase & Co. Issues Pessimistic Forecast for Vistry Group (LON:VTY) Stock Price

Vistry Group (LON:VTY) had its price objective cut by JPMorgan Chase & Co. from GBX 830 ($10.59) to GBX 690 ($8.80) in a research note released on Thursday, MarketBeat reports. They currently have a neutral rating on the stock.

Vistry Group Stock Performance

Shares of VTY stock opened at GBX 673.38 ($8.59) on Thursday. Vistry Group has a 12 month low of GBX 610.50 ($7.79) and a 12 month high of GBX 1,436 ($18.32). 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 firm has a market capitalization of £2.24 billion, a PE ratio of 923.97, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The firm has a fifty day simple moving average of GBX 906.67 and a two-hundred day simple moving average of GBX 1,156.11.

Insider Buying and Selling

In other news, insider Usman Nabi purchased 800,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were purchased at an average cost of GBX 931 ($11.88) per share, with a total value of £7,448,000 ($9,503,636.60). Also, insider Greg Fitzgerald purchased 20,498 shares of the stock in a transaction dated Tuesday, October 8th. The stock was purchased at an average cost of GBX 966 ($12.33) per share, for a total transaction of £198,010.68 ($252,661.32). In the last ninety days, insiders have purchased 1,324,520 shares of company stock valued at $1,136,892,094. 0.64% of the stock is 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.