Vistry Group (LON:VTY) Stock Price Down 16.7% – Here’s Why

Vistry Group PLC (LON:VTY) was down 16.7% on Tuesday . The company traded as low as GBX 523 ($6.56) and last traded at GBX 544.50 ($6.83). Approximately 449,724,938 shares traded hands during mid-day trading, an increase of 11,817% from the average daily volume of 3,773,834 shares. The stock had previously closed at GBX 654 ($8.20).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Vistry Group from GBX 830 ($10.41) to GBX 690 ($8.65) and set a “neutral” rating on the stock in a research note on Thursday, December 5th.

Vistry Group Price Performance

The company 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. 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 business has a 50-day moving average price of GBX 751.78 and a 200 day moving average price of GBX 1,097.66.

Insider Transactions at Vistry Group

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