Berenberg Bank Issues Pessimistic Forecast for Vistry Group (LON:VTY) Stock Price

Vistry Group (LON:VTY) had its price objective dropped by research analysts at Berenberg Bank from GBX 750 ($9.32) to GBX 650 ($8.07) in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 17.12% from the company’s current price.

Separately, JPMorgan Chase & Co. dropped their price objective on shares of Vistry Group from GBX 830 ($10.31) to GBX 690 ($8.57) and set a “neutral” rating for the company in a research note on Thursday, December 5th.

Vistry Group Stock Performance

VTY opened at GBX 555 ($6.89) on Thursday. Vistry Group has a 1-year low of GBX 523 ($6.50) and a 1-year high of GBX 1,436 ($17.84). The stock has a market cap of £1.85 billion, a P/E ratio of 760.27, a P/E/G ratio of -0.20 and a beta of 2.14. The stock’s 50 day simple moving average is GBX 694.36 and its 200 day simple moving average is GBX 1,065.06. The company has a debt-to-equity ratio of 22.15, a current ratio of 2.64 and a quick ratio of 0.56.

Insider Buying and Selling at Vistry Group

In related news, insider Helen Owers purchased 4,000 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was purchased at an average price of GBX 944 ($11.73) per share, for a total transaction of £37,760 ($46,906.83). Also, insider Greg Fitzgerald acquired 20,498 shares of the stock in a transaction on Tuesday, October 8th. The stock was purchased at an average cost of GBX 966 ($12.00) per share, with a total value of £198,010.68 ($245,976.00). Insiders have acquired a total of 1,324,543 shares of company stock valued at $1,136,907,044 over the last ninety days. Corporate insiders own 0.64% of the company’s stock.

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.