Vistry Group PLC with ticker (LON:VTY) now has a potential downside of -13.4% according to Berenberg Bank.
Berenberg Bank set a target price of 1,030 GBX for the company, which when compared to the Vistry Group PLC share price of 1,190 GBX at opening today (05/04/2024) indicates a potential downside of -13.4%. Trading has ranged between 622 (52 week low) and 1,235 (52 week high) with an average of 1,028,194 shares exchanging hands daily. The market capitalisation at the time of writing is £4,062,107,136.
Vistry Group PLC is a United Kingdom-based company that develops new homes and communities across all sectors of the United Kingdom housing market. The Company’s segments include Housebuilding, Partnerships and Countryside. The Housebuilding segment develops sites across England, providing private and affordable housing on land owned by the Group or the Group’s joint ventures. The Partnerships segment specializes in partnering with housing associations and other public sector businesses across England, including London, to deliver either the development of private, affordable, and private rental sector (PRS) housing on land owned by the Group or the Group’s joint ventures, or to provide contracting services for development. The Countryside segment partners with housing associations and other public sector businesses across England, including London, to deliver the development of private, affordable, and PRS housing on land owned by the Group or the Group’s joint ventures or associates.
Vistry Group PLC -13.4% potential downside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
Vistry Group Plc has reported first-half trading impacted by cash actions, while guiding to improved second-half profitability and year-end net cash.
Vistry Group Plc has announced that Chief Financial Officer Tim Lawlor will step down and remain until October to support handover.
Vistry said first-half profit will be significantly below last year due to higher incentives on open market homes and slower market conditions, but expects second-half performance to improve as partner demand increases and debt reduction initiatives take effect.
Vistry Group PLC has announced that Executive Chair and CEO Greg Fitzgerald will retire, stepping down as Chair at the May 2026 AGM and remaining CEO for up to 12 months while a successor is appointed.
Vistry Group expects adjusted profit before tax of around £270m for FY25, up from £263.5m in FY24, supported by strong second-half margin progression.
Vistry Group has been awarded a further £50 million grant from Homes England, taking its total funding under the 2021–2026 Affordable Homes Programme to £252 million. The funding will support the delivery of more than 3,500 additional affordable homes across the UK, with schemes already underway this year.
