Berenberg cuts target for Vistry stock from GBp 263 to GBp 252

Published on 10/02/2026 at 12:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half adjusted loss before tax was GBP 83.30 million versus GBP 80.60 million profit. Vistry stock costs EUR 2.96 on October 2, 2026 after EUR 2.94.

Schwarzweiß-Reportagefoto von Bauarbeitern beim Mauern auf Baustelle — Vistry Group PLC GB0009692319 dokumentiert eine dokumentarische Schwarzweiß-Reportage von Maurern auf britischer Baustelle, Illustration mit AI erstellt.

Vistry reported that Berenberg cut its price target from GBp 263 to GBp 252 and kept a Hold rating on September 28, 2026, according to MarketBeat. The move followed Vistry's September results, which showed a sharp first-half deterioration and a reset of its operating model.

Losses reset the earnings base

Vistry's adjusted loss before tax was GBP 83.30 million in the first half of 2026, compared with an adjusted profit of GBP 80.60 million in the first half of 2025. The reported loss before tax reached GBP 661.30 million, versus a GBP 40.90 million profit a year earlier.

Adjusted revenue fell 9.00 percent to GBP 1.70 billion in the first half of 2026 from GBP 1.87 billion in the prior-year period, while completions declined 8.00 percent to 6,304 homes from 6,889. The figures were published in Vistry's half-year results dated September 24, 2026, carried by TradingView.

Order book offers a counterweight

Vistry's revised forward order book stood at GBP 3.30 billion in the first half of 2026, down from GBP 3.70 billion in September 2025, yet the group was 91.00 percent forward sold for fiscal 2026. That contracted base gives the business revenue visibility even as open-market sales conditions weakened.

The company also reported net debt of GBP 468.80 million at June 30, 2026, up from GBP 293.10 million a year earlier. Management is targeting a broadly neutral cash position at December 31, 2026, while adjusted profit before tax is expected at GBP 165.00 million for fiscal 2026 and GBP 185.00 million for fiscal 2027, subject to stable market conditions.

Vistry stock stays near its yearly low

Vistry stock was trading at EUR 2.96 at Lang & Schwarz on October 2, 2026 at 12:34 p.m. CEST, up 0.68 percent versus the EUR 2.94 prior close at Lang & Schwarz on October 1, 2026. The modest daily move contrasts with the company's fundamental reset and the lower analyst target from Berenberg.

The further course of trading is shown by the continuously updated real-time quote of Vistry stock.