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

Vistry Group PLC (LON:VTY)’s share price dropped 16.1% during mid-day trading on Wednesday . The stock traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). Approximately 4,971,120 shares traded 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).

Analyst Ratings Changes

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

Vistry Group Price Performance

The firm has a market capitalization 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 company’s fifty day moving average price is GBX 760.20 and its 200 day moving average price is GBX 1,102.80. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64.

Insider Buying and Selling at Vistry Group

In other news, insider Usman Nabi acquired 500,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average price of GBX 737 ($9.24) per share, with a total value of £3,685,000 ($4,619,531.15). Also, insider Greg Fitzgerald bought 20,498 shares of the firm’s stock in a transaction on Tuesday, October 8th. The stock was purchased 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 worth $1,136,907,044 over the last ninety days. Company insiders own 0.64% of the company’s stock.

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.