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

Shares of Vistry Group PLC (LON:VTY) fell 16.1% during trading on Tuesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.89). 4,971,120 shares changed hands during mid-day trading, an increase of 148% from the average session 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. cut their price target on shares of Vistry Group from GBX 830 ($10.41) 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 has a quick ratio of 0.56, a current ratio of 2.64 and a debt-to-equity ratio of 22.15. The firm has a market cap of £1.83 billion, a P/E ratio of 752.05, a PEG ratio of -0.20 and a beta of 2.14. The firm has a fifty day moving average of GBX 751.78 and a 200-day moving average of GBX 1,097.66.

Insider Buying and Selling

In other news, insider Usman Nabi purchased 500,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was bought at an average price of GBX 737 ($9.24) per share, with a total value of £3,685,000 ($4,621,848.74). Also, insider Helen Owers acquired 4,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was purchased at an average price of GBX 944 ($11.84) per share, with a total value of £37,760 ($47,359.84). Insiders purchased a total of 1,324,543 shares of company stock valued at $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.