Vistry Group (LON:VTY) Announces Earnings Results

Vistry Group (LON:VTY) posted its quarterly earnings results on Wednesday. The company reported GBX 55.90 ($0.72) earnings per share for the quarter, Digital Look Earnings reports. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%.

Vistry Group Stock Down 5.7 %

Shares of VTY stock traded down GBX 37 ($0.48) on Wednesday, hitting GBX 611.50 ($7.92). The stock had a trading volume of 20,696,242 shares, compared to its average volume of 5,575,209. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56. The business has a 50 day moving average of GBX 607.28 and a 200 day moving average of GBX 780.86. Vistry Group has a 12-month low of GBX 511 ($6.62) and a 12-month high of GBX 1,436 ($18.59). The stock has a market cap of £2.00 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14.

Wall Street Analyst Weigh In

VTY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Vistry Group from GBX 830 ($10.75) to GBX 690 ($8.93) and set a “neutral” rating for the company in a research report on Thursday, December 5th. Berenberg Bank cut their target price on Vistry Group from GBX 750 ($9.71) to GBX 650 ($8.42) and set a “hold” rating on the stock in a report on Thursday, January 2nd.

About Vistry Group

Vistry Group is one of the UK’s leading homebuilders with a top tier housebuilder and leading Partnerships business. Our purpose is to develop sustainable new homes and communities across all sectors of the housing market through our leading brands, Bovis Homes, Linden Homes, Vistry Partnerships and Drew Smith.

Our housebuilding division operates across 13 business units, each with a regional office, which are developing hundreds of sites across England.