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

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 were traded 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).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price target on Vistry Group from GBX 830 ($10.40) to GBX 690 ($8.65) and set a “neutral” rating for the company in a research note on Thursday, December 5th.

Vistry Group Stock Performance

The firm has a market cap of £1.83 billion, a price-to-earnings ratio of 752.05, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The firm’s 50 day moving average is GBX 768.49 and its 200-day moving average is GBX 1,108. The company has a debt-to-equity ratio of 22.15, a quick ratio of 0.56 and a current ratio of 2.64.

Insiders Place Their Bets

In other news, insider Usman Nabi bought 800,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were purchased at an average price of GBX 931 ($11.67) per share, for a total transaction of £7,448,000 ($9,336,843.42). Also, insider Greg Fitzgerald purchased 20,498 shares of the stock in a transaction dated Tuesday, October 8th. The stock was acquired at an average cost of GBX 966 ($12.11) per share, for a total transaction of £198,010.68 ($248,227.00). Insiders purchased 1,324,543 shares of company stock valued at $1,136,907,044 over the last quarter. Insiders own 0.64% of the company’s stock.

Vistry Group Company Profile

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.