Vistry Group PLC with ticker (LON:VTY) now has a potential downside of -17.2% 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 1,244 GBX at opening today (22/03/2024) indicates a potential downside of -17.2%. Trading has ranged between 622 (52 week low) and 1,253 (52 week high) with an average of 1,379,303 shares exchanging hands daily. The market capitalisation at the time of writing is £4,244,874,046.
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 -17.2% potential downside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
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.
Vistry Group delivered H1 2025 results in line with expectations, reporting adjusted profit before tax of £80.6m and net debt reduced to £293m, significantly better than forecast. The Group highlighted its strong pipeline of opportunities under the UK Government’s new £39bn Social and Affordable Homes Programme, where it is well positioned to play a key role.
Vistry has formed a £150 million joint venture with Homes England, named Hestia, to accelerate the development of large residential sites across England. The partnership will deliver mixed-tenure communities of 400 to 3,000 homes and provide new infrastructure, while also offering land parcels to SME developers to support broader housing sector growth.
Vistry Group has appointed Sue Farr as an Independent Non-Executive Director from 1 October 2025. She will join the Nomination, Audit and Remuneration Committees, bringing extensive marketing and corporate communications expertise to the Board.
Vistry Group has purchased the 139-hectare former Rugeley Power Station site from ENGIE, with plans to build 2,300 homes alongside an all-through school, riverside park, commercial space, and mixed-tenure housing.
Vistry Group delivered H1 adjusted operating profit of c.£125 m with net debt reduced to c.£295 m, extended refinancing facilities to April 2028 and holds a £4.3 bn forward order book.
