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

Vistry Group PLC (LON:VTY) was down 16.1% on Tuesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). Approximately 4,971,120 shares changed 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 Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their target price on 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 Trading Down 16.1 %

The firm’s 50-day simple moving average is GBX 760.20 and its 200 day simple moving average is GBX 1,102.80. The stock has a market cap of £1.83 billion, a P/E ratio of 752.05, a PEG ratio of -0.20 and a beta of 2.14. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15.

Insider Transactions at Vistry Group

In related news, insider Usman Nabi bought 800,000 shares of the stock in a transaction on Thursday, October 10th. The shares were purchased at an average price of GBX 931 ($11.67) per share, with a total value of £7,448,000 ($9,336,843.42). Also, insider Greg Fitzgerald purchased 20,498 shares of Vistry Group stock in a transaction dated Tuesday, October 8th. The stock was bought at an average cost of GBX 966 ($12.11) per share, with a total value of £198,010.68 ($248,227.00). Over the last three months, insiders acquired 1,324,543 shares of company stock worth $1,136,907,044. Company insiders own 0.64% of the company’s stock.

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.