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

Shares of Vistry Group PLC (LON:VTY) dropped 16.1% during trading on Tuesday . The stock 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).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their price target 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 report on Thursday, December 5th.

Vistry Group Stock Down 16.1 %

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 stock has a market cap of £1.83 billion, a price-to-earnings ratio of 752.05, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The firm has a 50 day simple moving average of GBX 768.49 and a two-hundred day simple moving average of GBX 1,108.

Insider Activity

In other Vistry Group news, insider Usman Nabi bought 500,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of GBX 737 ($9.24) per share, with a total value of £3,685,000 ($4,619,531.15). Also, insider Greg Fitzgerald purchased 20,498 shares of Vistry Group stock in a transaction dated Tuesday, October 8th. The stock was bought at an average price of GBX 966 ($12.11) per share, with a total value of £198,010.68 ($248,227.00). Insiders purchased a total of 1,324,543 shares of company stock valued at $1,136,907,044 in the last ninety days. 0.64% of the stock is owned by insiders.

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.