Vistry Group (LON:VTY) Shares Down 3% – What’s Next?

Vistry Group PLC (LON:VTY) shares traded down 3% during trading on Thursday . The stock traded as low as GBX 600 ($7.56) and last traded at GBX 605.10 ($7.63). 1,105,248 shares were traded during mid-day trading, a decline of 60% from the average session volume of 2,775,503 shares. The stock had previously closed at GBX 623.50 ($7.86).

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VTY. Berenberg Bank reduced their price objective on Vistry Group from GBX 750 ($9.45) to GBX 650 ($8.19) and set a “hold” rating for the company in a research note on Thursday, January 2nd. JPMorgan Chase & Co. cut their target price on shares of Vistry Group from GBX 830 ($10.46) to GBX 690 ($8.70) and set a “neutral” rating for the company in a research note on Thursday, December 5th.

Vistry Group Trading Up 2.3 %

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 firm’s fifty day moving average is GBX 586.10 and its 200-day moving average is GBX 874.24. The firm has a market cap of £2.01 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14.

About Vistry Group

Vistry Group is one of the UK’s leading homebuilders with a top tier housebuilder and leading Partnerships business. Our purpose is to develop sustainable new homes and communities across all sectors of the housing market through our leading brands, Bovis Homes, Linden Homes, Vistry Partnerships and Drew Smith.

Our housebuilding division operates across 13 business units, each with a regional office, which are developing hundreds of sites across England.