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Vistry Group reported strong quarterly earnings, boosting its stock, though some banks lowered their price targets.
Vistry Group, a major UK homebuilder, reported a quarterly earnings per share (EPS) of GBX 55.90 ($0.72) with a net margin of 6.90% and a return on equity of 7.69%.
The company’s stock price increased to GBX 583.50 ($7.55) on Friday.
Vistry Group operates in 13 business units and has a market capitalization of £1.91 billion.
Several financial institutions have adjusted their ratings and price targets, with Berenberg Bank and JPMorgan Chase & Co. lowering their targets and Royal Bank of Canada raising theirs but maintaining an "underperform" rating.
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Vistry Group reportó fuertes ganancias trimestrales, aumentando sus acciones, aunque algunos bancos bajaron sus objetivos de precios.