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

Shares of Vistry Group PLC (LON:VTY) 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 Analysts Forecast Growth

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

Vistry Group Stock Down 16.1 %

The firm’s 50 day moving average price is GBX 768.49 and its two-hundred day moving average price is GBX 1,108. The firm has a market capitalization of £1.83 billion, a PE ratio of 752.05, a P/E/G ratio of -0.20 and a beta of 2.14. The company has a quick ratio of 0.56, a current ratio of 2.64 and a debt-to-equity ratio of 22.15.

Insider Buying and Selling at Vistry Group

In other news, insider Helen Owers purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was acquired at an average cost of GBX 944 ($11.83) per share, for a total transaction of £37,760 ($47,336.09). Also, insider Usman Nabi bought 500,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average price of GBX 737 ($9.24) per share, with a total value of £3,685,000 ($4,619,531.15). Insiders have acquired a total of 1,324,543 shares of company stock valued at $1,136,907,044 in the last three months. 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.