Vistry Group (LON:VTY) Shares Down 16.1% – Should You Sell?

Shares of Vistry Group PLC (LON:VTY) were down 16.1% during trading on Tuesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 548.68 ($6.88). Approximately 479,208,750 shares traded hands during mid-day trading, an increase of 12,215% from the average daily volume of 3,891,300 shares. The stock had previously closed at GBX 654 ($8.20).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased 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 research note on Thursday, December 5th.

Vistry Group Trading Down 16.3 %

The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15. The stock has a market capitalization of £1.82 billion, a price-to-earnings ratio of 750.00, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The business has a 50 day simple moving average of GBX 768.49 and a 200-day simple moving average of GBX 1,108.

Insider Activity at Vistry Group

In other news, insider Usman Nabi bought 500,000 shares of Vistry Group stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of GBX 737 ($9.24) per share, for a total transaction of £3,685,000 ($4,619,531.15). Also, insider Helen Owers purchased 4,000 shares of the company’s stock in a transaction on Monday, October 14th. The shares were purchased at an average price of GBX 944 ($11.83) per share, with a total value of £37,760 ($47,336.09). Over the last three months, insiders purchased 1,324,543 shares of company stock worth $1,136,907,044. 0.64% of the stock is owned by company 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.