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Nov 3 2026, 07:05 GMT
Vistry Group
Data show no private sales rate recovery; moving to ‘Underperform’
- Sectors : Construction and Housebuilding
- Companies : Vistry Group
DAVY VIEW
Data gleaned from Vistry Group’s public-facing websites indicate that its net private reservation rate has not improved since the summer low of 0.3 and that incentive use has stayed high at c.5-7%. We believe there is downside risk to FY26 guidance. We lower our FY26 adjusted profit before tax (PBT) estimate to £100.4m, reduce our price target to 216p and cut our rating to ‘Underperform’.
