Vistry Group (LON:VTY) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Vistry Group (LON:VTY) had its target price hoisted by equities research analysts at Royal Bank of Canada from GBX 475 ($6.15) to GBX 500 ($6.47) in a report issued on Friday,Digital Look reports. The brokerage currently has an “underperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential downside of 14.97% from the company’s previous close.

Several other analysts have also recently issued reports on the stock. Berenberg Bank dropped their price objective on shares of Vistry Group from GBX 750 ($9.71) to GBX 650 ($8.42) and set a “hold” rating for the company in a research note on Thursday, January 2nd. JPMorgan Chase & Co. cut their price target on Vistry Group from GBX 830 ($10.75) to GBX 690 ($8.93) and set a “neutral” rating for the company in a report on Thursday, December 5th.

Vistry Group Trading Up 2.1 %

VTY stock opened at GBX 588 ($7.61) on Friday. The business’s 50-day moving average is GBX 607.56 and its 200 day moving average is GBX 769.59. Vistry Group has a 12-month low of GBX 511 ($6.62) and a 12-month high of GBX 1,436 ($18.59). The stock has a market cap of £1.92 billion, a price-to-earnings ratio of 7.81, a PEG ratio of -0.20 and a beta of 2.14. The company has a current ratio of 2.64, a quick ratio of 0.56 and a debt-to-equity ratio of 22.15.

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

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.