Vistry Group (LON:VTY) Trading Down 16.1% – Here’s What Happened

Shares of Vistry Group PLC (LON:VTY) fell 16.1% during trading on Tuesday . The company traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). 4,971,120 shares were traded during mid-day trading, an increase of 148% from the average session volume of 2,001,906 shares. The stock had previously closed at GBX 654 ($8.20).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their price objective 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 Price Performance

The business has a 50-day simple moving average of GBX 768.49 and a two-hundred day simple moving average of GBX 1,108. The company has a quick ratio of 0.56, a current ratio of 2.64 and a debt-to-equity ratio of 22.15. The stock has a market capitalization of £1.83 billion, a price-to-earnings ratio of 752.05, a P/E/G ratio of -0.20 and a beta of 2.14.

Insider Buying and Selling at Vistry Group

In related news, insider Helen Owers bought 4,000 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were bought at an average cost of GBX 944 ($11.83) per share, with a total value of £37,760 ($47,336.09). Also, insider Greg Fitzgerald bought 20,498 shares of Vistry Group stock in a transaction dated Tuesday, October 8th. The shares were bought at an average cost of GBX 966 ($12.11) per share, with a total value of £198,010.68 ($248,227.00). In the last three months, insiders acquired 1,324,543 shares of company stock valued at $1,136,907,044. 0.64% of the stock is owned by 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.