RBC Capital Markets lowers target price on Vistry.
RBC Capital Markets lowered its target price on housebuilder Vistry from 475p to 385p on Thursday following the news that it will split the role of chairman and chief executive after executive chairman Greg Fitzgerald announced his retirement.
Vistry Group
05 March 2026 14:19:06
Source: Sharecast
RBC Capital also said Vistry's partnership strategy was "yet to deliver the goods", while open market sales were soft, leading current CEO to demand "that each business go forth and double their sales rates".
The Canadian bank, which has an 'underperform' rating on the stock, said it was "surprised" that at this "pivotal moment" the architect of Vistry's current strategy has "called time", and noted that it expects "continued underperformance" until a new CEO "makes their mark".
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