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

Vistry Group PLC (LON:VTY) dropped 16.1% 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 traded 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 price objective on Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating on the stock in a research note on Thursday, December 5th.

Vistry Group Stock Down 16.1 %

The stock has a fifty day moving average price of GBX 768.49 and a 200-day moving average price of GBX 1,108. The firm has a market cap of £1.83 billion, a PE ratio of 752.05, a PEG ratio of -0.20 and a beta of 2.14. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64.

Insider Activity at Vistry Group

In other Vistry Group news, insider Greg Fitzgerald bought 20,498 shares of the stock in a transaction dated Tuesday, October 8th. The stock was bought at an average cost of GBX 966 ($12.11) per share, for a total transaction of £198,010.68 ($248,227.00). Also, insider Helen Owers purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was acquired at an average price of GBX 944 ($11.83) per share, for a total transaction of £37,760 ($47,336.09). In the last 90 days, insiders have acquired 1,324,543 shares of company stock worth $1,136,907,044. 0.64% of the stock is currently owned by corporate insiders.

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.