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

Vistry Group PLC (LON:VTY) shares dropped 16.1% during trading on Tuesday . 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 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. decreased their target price on shares of Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating on the stock in a research report on Thursday, December 5th.

Vistry Group Price Performance

The stock has a 50 day moving average price of GBX 768.49 and a two-hundred day moving average price of GBX 1,108. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56. The firm has a market capitalization of £1.83 billion, a price-to-earnings ratio of 752.05, a PEG ratio of -0.20 and a beta of 2.14.

Insiders Place Their Bets

In related news, insider Greg Fitzgerald bought 20,498 shares of the firm’s stock in a transaction that occurred on 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 ($248,227.00). Also, insider Usman Nabi acquired 500,000 shares of the stock in a transaction dated Friday, November 8th. The shares were bought at an average cost of GBX 737 ($9.24) per share, with a total value of £3,685,000 ($4,619,531.15). Insiders have acquired 1,324,543 shares of company stock worth $1,136,907,044 over the last three months. 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.