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

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut 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 report on Thursday, December 5th.

Vistry Group Stock Performance

The firm’s fifty day simple moving average is GBX 760.20 and its 200 day simple moving average is GBX 1,102.80. The company has a market capitalization of £1.83 billion, a PE ratio of 752.05, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56.

Insider Activity at Vistry Group

In other news, insider Helen Owers acquired 4,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was bought at an average cost of GBX 944 ($11.83) per share, for a total transaction of £37,760 ($47,336.09). Also, insider Usman Nabi purchased 800,000 shares of the stock in a transaction dated Thursday, October 10th. The stock was purchased at an average cost of GBX 931 ($11.67) per share, for a total transaction of £7,448,000 ($9,336,843.42). Over the last quarter, insiders have bought 1,324,543 shares of company stock worth $1,136,907,044. 0.64% of the stock is owned by company insiders.

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.