Vistry Group (LON:VTY) Shares Down 16.1% – Time to Sell?

Vistry Group PLC (LON:VTY) shares dropped 16.1% on Wednesday . The company traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). Approximately 4,971,120 shares changed hands during 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 target price on shares of Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating for the company in a report on Thursday, December 5th.

Vistry Group Price Performance

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 cap of £1.83 billion, a P/E ratio of 752.05, a P/E/G ratio of -0.20 and a beta of 2.14. The firm has a 50 day moving average of GBX 760.20 and a 200-day moving average of GBX 1,102.80.

Insider Transactions at Vistry Group

In other Vistry Group news, insider Usman Nabi acquired 800,000 shares of the stock in a transaction on Thursday, October 10th. The stock was acquired at an average price of GBX 931 ($11.67) per share, for a total transaction of £7,448,000 ($9,336,843.42). Also, insider Greg Fitzgerald purchased 20,498 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was bought at an average price of GBX 966 ($12.11) per share, with a total value of £198,010.68 ($248,227.00). Over the last quarter, insiders have purchased 1,324,543 shares of company stock valued at $1,136,907,044. 0.64% of the stock is currently owned by corporate 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.