Vistry Group PLC with ticker (LON:VTY) now has a potential upside of 20.1% according to JP Morgan Cazenove.
JP Morgan Cazenove set a target price of 1,380 GBX for the company, which when compared to the Vistry Group PLC share price of 1,149 GBX at opening today (26/04/2024) indicates a potential upside of 20.1%. Trading has ranged between 622 (52 week low) and 1,258 (52 week high) with an average of 961,644 shares exchanging hands daily. The market capitalisation at the time of writing is £3,938,207,332.
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 20.1% potential upside indicated by JP Morgan Cazenove
- Written by: Charlotte Edwards
Latest Company News
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.
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.
