Royal Bank of Canada Issues Positive Forecast for Vistry Group (LON:VTY) Stock Price

Vistry Group (LON:VTY) had its price objective lifted by Royal Bank of Canada from GBX 475 ($6.15) to GBX 500 ($6.47) in a research note issued to investors on Friday morning, MarketBeat reports. They currently have an underperform rating on the stock.

VTY has been the topic of several other reports. Berenberg Bank reduced their price objective on Vistry Group from GBX 750 ($9.71) to GBX 650 ($8.41) and set a “hold” rating on the stock in a report on Thursday, January 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Vistry Group from GBX 830 ($10.74) to GBX 690 ($8.93) and set a “neutral” rating for the company in a research note on Thursday, December 5th.

Vistry Group Stock Performance

Shares of Vistry Group stock opened at GBX 584 ($7.56) on Friday. Vistry Group has a 52 week low of GBX 511 ($6.61) and a 52 week high of GBX 1,436 ($18.59). The company has a market capitalization of £1.91 billion, a PE ratio of 7.76, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The stock’s fifty day moving average is GBX 607.09 and its two-hundred day moving average is GBX 768.29. The company has a quick ratio of 0.56, a current ratio of 2.64 and a debt-to-equity ratio of 22.15.

Vistry Group (LON:VTY) last posted its quarterly earnings results on Wednesday, March 26th. The company reported GBX 55.90 ($0.72) EPS for the quarter. Vistry Group had a net margin of 6.90% and a return on equity of 7.69%. As a group, analysts expect that Vistry Group will post 108.4606345 earnings per share for the current year.

Insider Activity

In other Vistry Group news, insider Tim Lawlor sold 2,234 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of GBX 593 ($7.68), for a total transaction of £13,247.62 ($17,146.80). Company insiders own 0.64% of the company’s stock.

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.