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

Vistry Group PLC (LON:VTY) shares traded down 16.1% on Wednesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). 4,971,120 shares traded 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).

Analyst Ratings Changes

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 for the company in a research report on Thursday, December 5th.

Vistry Group Price Performance

The stock’s 50-day moving average is GBX 760.20 and its 200 day moving average is GBX 1,102.80. 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 company 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.

Insider Activity at Vistry Group

In related news, insider Greg Fitzgerald purchased 20,498 shares of the business’s stock in a transaction on Tuesday, October 8th. The shares were acquired at an average price of GBX 966 ($12.11) per share, for a total transaction of £198,010.68 ($248,227.00). Also, insider Usman Nabi purchased 500,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were bought at an average price of GBX 737 ($9.24) per share, for a total transaction of £3,685,000 ($4,619,531.15). Insiders bought 1,324,543 shares of company stock valued at $1,136,907,044 over the last 90 days. 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.