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Davy Research

Vistry Group

To focus on Partnerships

Sep 11 2023, 08:00 IST/BST
Colin Sheridan CFA
Company Report
5 page(s)

Sectors : Construction and Housebuilding

Companies : Vistry Group

Ratings and price correct at time of issue.

Vistry Group

Closing Price: 800p
RATING 10/09/13
OUTPERFORM
PREVIOUS RATING 21/05/13

UNDER REVIEW

Person's Name

Colin Sheridan CFA

Analyst

DAVY VIEW

Vistry Group will move to being a Partnerships-focused builder in the coming years as a result of its strategic review. The business will concentrate on the capital-light, high-returns model – leading to £25m in cost savings and £1bn in shareholder returns (including debt paydown) and, ultimately, a c.40% return on capital employed (RoCE).

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Sep 11 2023, 08:00 IST/BST