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

Vistry Group PLC (LON:VTY)’s stock price traded down 16.1% during trading on Tuesday . The company traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.89). 4,971,120 shares were traded during mid-day trading, an increase of 148% from the average session 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. reduced their target price on shares of Vistry Group from GBX 830 ($10.41) to GBX 690 ($8.65) and set a “neutral” rating for the company in a research note on Thursday, December 5th.

Vistry Group Trading Down 16.1 %

The company has a fifty day simple moving average of GBX 751.78 and a two-hundred day simple moving average of GBX 1,097.66. The company has a market capitalization of £1.83 billion, a P/E ratio of 752.05, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56.

Insider Activity at Vistry Group

In other news, insider Usman Nabi bought 800,000 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were acquired at an average cost of GBX 931 ($11.68) per share, for a total transaction of £7,448,000 ($9,341,527.66). Also, insider Greg Fitzgerald bought 20,498 shares of the business’s stock in a transaction on Tuesday, October 8th. The shares were purchased at an average cost of GBX 966 ($12.12) per share, with a total value of £198,010.68 ($248,351.54). In the last ninety days, insiders have purchased 1,324,543 shares of company stock valued at $1,136,907,044. Corporate 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.