Vistry Group (LON:VTY) Stock Price Falls 16.1% - Is It Time to Reconsider?

The share price of Vistry Group PLC (LON:VTY) experienced a significant drop of 16.1% during trading on Tuesday. The stock traded as low as GBX 523 ($6.56) before ending the day at GBX 549 ($6.88). Approximately 4,971,120 shares exchanged hands, marking an increase of 148% compared to the average trading volume of 2,001,906 shares. Previously, the stock had closed at GBX 654 ($8.20).

Changes in Analysts' Price Targets

In a recent update, JPMorgan Chase & Co. adjusted their price target for Vistry Group, lowering it from GBX 830 ($10.40) to GBX 690 ($8.65) while assigning a "neutral" rating.

Detailed Look at Vistry Group's Trading Performance

Vistry Group's current trading indicators show a 50-day moving average of GBX 768.49 and a 200-day moving average of GBX 1,108. The company has a market capitalization of £1.83 billion, a high PE ratio of 752.05, and a price-to-earnings-growth ratio of -0.20. Additionally, its beta stands at 2.14. Vistry Group's financial health can be highlighted with a debt-to-equity ratio of 22.15, a quick ratio of 0.56, and a current ratio of 2.64.

Insider Trading Activity

In related news, insider Helen Owers purchased 4,000 shares of Vistry Group on October 14, at an average price of GBX 944 ($11.83) per share, totaling £37,760 ($47,336.09). Similarly, insider Usman Nabi acquired 800,000 shares on October 10 for an average of GBX 931 ($11.67) per share, leading to a total investment of £7,448,000 ($9,336,843.42). Over the past three months, company insiders have acquired 1,324,543 shares valued at approximately $1,136,907,044, representing ownership of 0.64% of the total stock.

About Vistry Group

Vistry Group PLC, along with its subsidiaries, provides housing solutions in the United Kingdom. The company focuses on developing single-family housing models. Founded in 1885 and headquartered in West Malling, United Kingdom, it was formerly known as Bovis Homes Group PLC before rebranding in January 2020.

Investment Considerations

Before making any investment decision regarding Vistry Group, it might be useful to explore other options. Market analysts have suggested alternative stocks that they believe may yield better returns at this time.

Vistry, Stocks, Trading