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


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

Shares of Vistry Group PLC (LON:VTY - Get Free Report) traded down 16.1% on Wednesday . The company traded as low as GBX 523 ($6.56) and last traded at GBX 549 ($6.88). 4,971,120 shares changed hands during mid-day trading, an increase of 148% from the average session volume of 2,001,906 shares. The stock had previously closed at GBX 654 ($8.20).

Separately, JPMorgan Chase & Co. decreased their price target on shares of 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.

Read Our Latest Stock Report on Vistry Group

The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15. The firm has a market capitalization of £1.83 billion, a P/E ratio of 752.05, a price-to-earnings-growth ratio of -0.20 and a beta of 2.14. The business's 50 day simple moving average is GBX 760.20 and its two-hundred day simple moving average is GBX 1,102.80.

In other Vistry Group news, insider Greg Fitzgerald acquired 20,498 shares of Vistry Group stock in a transaction that occurred on Tuesday, October 8th. The stock was bought at an average cost of GBX 966 ($12.11) per share, for a total transaction of £198,010.68 ($248,227.00). Also, insider Helen Owers bought 4,000 shares of the stock in a transaction on Monday, October 14th. The shares were bought at an average price of GBX 944 ($11.83) per share, for a total transaction of £37,760 ($47,336.09). Insiders bought 1,324,543 shares of company stock valued at $1,136,907,044 over the last 90 days. Corporate insiders own 0.64% of the company's stock.

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.

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