Vistry Group (LON:VTY) Shares Down 16.1% – Time to Sell?

Vistry Group PLC (LON:VTY)’s share price dropped 16.1% during mid-day 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 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 Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their target price on 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 Price Performance

The company’s 50 day simple moving average is GBX 768.49 and its 200 day simple moving average is 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. The stock has a market capitalization of £1.83 billion, a PE ratio of 752.05, a PEG ratio of -0.20 and a beta of 2.14.

Insider Activity

In other news, insider Usman Nabi acquired 500,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were bought at an average cost 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 business’s stock in a transaction that occurred on Monday, October 14th. The stock was acquired at an average price of GBX 944 ($11.83) per share, for a total transaction of £37,760 ($47,336.09). Insiders acquired a total of 1,324,543 shares of company stock valued at $1,136,907,044 over the last quarter. 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.