Vistry Group (LON:VTY) Shares Down 16.1% – Here’s Why

Vistry Group PLC (LON:VTY)’s share price dropped 16.1% during trading on Wednesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). Approximately 4,971,120 shares traded hands during mid-day trading, an increase of 148% from the average daily volume of 2,001,906 shares. The stock had previously closed at GBX 654 ($8.20).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating on the stock in a research note on Thursday, December 5th.

Vistry Group Stock Performance

The business’s 50-day simple moving average is GBX 760.20 and its two-hundred day simple moving average is GBX 1,102.80. The company has a quick ratio of 0.56, a current ratio of 2.64 and a debt-to-equity ratio of 22.15. The firm has a market cap of £1.83 billion, a price-to-earnings ratio of 752.05, a P/E/G ratio of -0.20 and a beta of 2.14.

Insider Activity at Vistry Group

In related news, insider Helen Owers bought 4,000 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was acquired at an average price of GBX 944 ($11.83) per share, with a total value of £37,760 ($47,336.09). Also, insider Greg Fitzgerald purchased 20,498 shares of Vistry Group stock in a transaction that occurred on Tuesday, October 8th. The shares were bought at an average price of GBX 966 ($12.11) per share, with a total value of £198,010.68 ($248,227.00). Insiders acquired a total of 1,324,543 shares of company stock worth $1,136,907,044 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

About Vistry Group

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.