Vistry Group (LON:VTY) Shares Down 16.1% - Here's What Happened

On Tuesday, the shares of Vistry Group PLC (LON:VTY) saw a significant decline, dropping by 16.1%. The stock traded at a low of GBX 523 ($6.56) and ended the day at GBX 548.68 ($6.88). In total, around 479,208,750 shares changed hands during mid-day trading, which represents a staggering increase of 12,215% from the average daily volume of 3,891,300 shares. Prior to this decline, the stock had closed at GBX 654 ($8.20).

Analysts Adjust Price Targets

In the realm of investment advisories, JPMorgan Chase & Co. made adjustments to their outlook on Vistry Group. They lowered their price target from GBX 830 ($10.40) to GBX 690 ($8.65) and assigned a "neutral" rating to the stock in a research note released on December 5th.

Current Trading Dynamics

Vistry Group's financial metrics showcase that 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 company boasts a market capitalization of £1.82 billion, with a price-to-earnings ratio at 750.00 and a price-to-earnings-growth ratio of -0.20. The beta value stands at 2.14, indicating higher volatility compared to the market. As for moving averages, the stock has a 50-day simple moving average of GBX 768.49 and a 200-day simple moving average of GBX 1,108.

Insider Transactions

Interestingly, there has been some notable insider activity at Vistry Group. On November 8th, insider Usman Nabi acquired 500,000 shares at an average price of GBX 737 ($9.24) each, totaling a transaction value of £3,685,000 ($4,619,531.15). Additionally, on October 14th, insider Helen Owers bought 4,000 shares at an average price of GBX 944 ($11.83) for a total expenditure of £37,760 ($47,336.09). Over the past three months alone, insiders have purchased a combined total of 1,324,543 shares worth approximately $1.14 million. Company insiders now hold about 0.64% of Vistry Group's stock.

Company Overview

Vistry Group PLC is a leading provider of housing solutions in the United Kingdom, including single-family housing models. Previously known as Bovis Homes Group PLC, the company rebranded to Vistry Group PLC in January 2020. Established in 1885, Vistry Group is headquartered in West Malling, United Kingdom.

Vistry, stocks, analysis