No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - RBC Capital Markets lifted its price target on Vistry on Thursday after the housebuilder's half-year results a day earlier, to reflect progress made.
The bank kept its rating at 'underperform' but upped the price target to 500p from 475p.
"What a difference almost a year makes - following a very challenging eleven months Vistry is back to its usual self of seeing its glass significantly more than half full," RBC said.
"Riding on the back of a fully UK Government backed social and affordable housing sector Vistry is looking to grow profits for shareholders.
"The scene is set and the lighting on set is flattering, but the actors still need to play their part for the show to be a success. Interestingly, despite the upbeat tone guidance was unchanged, suggesting Vistry is not fully out of the woods just yet."
RBC said it was not ready to change its rating yet, however.
"Vistry is turning its fortunes around, but as they say, 'talk is cheap, but money buys houses'; we are not ready to change our rating yet, but our PT moves to 500p reflect the progress made."
At 1050 BST, the shares were up 2.3% at 582.20p.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.