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

Vistry Group PLC (LON:VTY)’s stock price dropped 16.1% during trading on Tuesday . 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 Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price target on Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating on the stock in a research report on Thursday, December 5th.

Vistry Group Stock Down 16.1 %

The firm has a market cap of £1.83 billion, a price-to-earnings ratio of 752.05, a PEG ratio of -0.20 and a beta of 2.14. The firm has a 50-day moving average of GBX 768.49 and a two-hundred day moving average of GBX 1,108. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15.

Insider Activity

In related news, insider Usman Nabi purchased 800,000 shares of the stock in a transaction on Thursday, October 10th. The shares were purchased at an average cost of GBX 931 ($11.67) per share, for a total transaction of £7,448,000 ($9,336,843.42). Also, insider Helen Owers bought 4,000 shares of the company’s stock in a transaction that occurred 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 ninety days, insiders have bought 1,324,543 shares of company stock worth $1,136,907,044. 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.