Vistry Group (LON:VTY) Stock Price Down 16.1% – Here’s What Happened

Vistry Group PLC (LON:VTY)’s stock price dropped 16.1% during trading on Wednesday . The stock traded as low as GBX 523 ($6.55) 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).

Analysts Set New Price Targets

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

Vistry Group Stock Performance

The company’s 50-day moving average price is GBX 743.04 and its two-hundred day moving average price is GBX 1,092.73. The company has a market cap of £1.84 billion, a P/E ratio of 757.53, a price-to-earnings-growth 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 Buying and Selling at Vistry Group

In related news, insider Usman Nabi acquired 500,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were purchased at an average price of GBX 737 ($9.24) per share, for a total transaction of £3,685,000 ($4,617,794.49). Also, insider Greg Fitzgerald bought 20,498 shares of the company’s stock in a transaction dated Tuesday, October 8th. The stock was purchased at an average cost of GBX 966 ($12.11) per share, for a total transaction of £198,010.68 ($248,133.68). Over the last 90 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.