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

Vistry Group PLC (LON:VTY) experienced a significant decline in its stock price, dropping by 16.1% during trading on Tuesday. The stock reached a low of GBX 523 ($6.56) and was last quoted at GBX 549 ($6.88). In total, around 4,971,120 shares were traded, representing an increase of 148% from the average daily volume of 2,001,906 shares. This decline follows a prior closing price of GBX 654 ($8.20).

Analysts Set New Price Targets

In a notable change, JPMorgan Chase & Co. adjusted their price target for Vistry Group, decreasing it from GBX 830 ($10.40) to GBX 690 ($8.65). They also assigned a "neutral" rating for the stock in their report released on December 5th.

Vistry Group Stock Down 16.1%

The financial health of Vistry Group can be assessed through various metrics: the company maintains a debt-to-equity ratio of 22.15, a current ratio of 2.64, and a quick ratio of 0.56. The market capitalization stands at £1.83 billion with a staggering price-to-earnings ratio of 752.05 and a price-to-earnings-growth ratio of -0.20. The stock also has a beta of 2.14, indicating higher volatility. Over the past 50 days, the simple moving average has been GBX 768.49, while the two-hundred day average is GBX 1,108.

Insider Activity

There has been some insider trading activity at Vistry Group. On November 8th, insider Usman Nabi purchased 500,000 shares at an average cost of GBX 737 ($9.24) per share, totaling £3,685,000 ($4,619,531.15). Additionally, insider Greg Fitzgerald acquired 20,498 shares on October 8th, priced at an average of GBX 966 ($12.11), amounting to £198,010.68 ($248,227.00). Over the past ninety days, insiders have bought a total of 1,324,543 shares worth $1,136,907,044. Insiders now hold 0.64% of the company's stock.

About Vistry Group

Vistry Group PLC, through its subsidiaries, provides housing solutions across the United Kingdom, focusing on single-family housing. Established in 1885 and originally named Bovis Homes Group PLC, the company rebranded to Vistry Group PLC in January 2020. Its headquarters are located in West Malling, United Kingdom.

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