Commentary4 Mar 2026 19:51
On the FTSE 250, Vistry slumped 25% after signalling the departure of Executive Chair & Chief Executive Greg Fitzgerald and warning that profit margins will likely narrow in 2026 as it offers incentives to boost sales.
Jefferies analyst Glynis Johnson said: "Medium term we believe Vistry should be well-placed to benefit from the government efforts to support affordable housing. However with FY26 guidance again tempering growth expectations, average daily net debt yet to pass its peak and a transition in Chair/CEO over the coming 18 months, investors may feel there is time to wait before getting involved."
Peel Hunt said it is cutting 2026 and 2027 pretax profit forecasts for Vistry by 11% and 9% to GBP275 million and GBP335 million respectively.