Vertu Motors Cancels Further Shares as Buyback Programme Passes £45.7m

The latest announcement is out from Vertu Motors ( (GB:VTU) ).

Vertu Motors has repurchased 9,425 of its own ordinary shares at 62 pence each under its ongoing share buyback programme, and will cancel these shares, reducing the total number of ordinary shares with voting rights to 313,781,134. The latest transaction forms part of a long-running capital return strategy that has seen over £45.7m returned to shareholders since 2017 and a 21% reduction in shares in issue, underscoring management’s continued focus on enhancing shareholder value and tightening the company’s capital base.

The most recent analyst rating on (GB:VTU) stock is a Buy with a £71.00 price target. To see the full list of analyst forecasts on Vertu Motors stock, see the GB:VTU Stock Forecast page.

Spark’s Take on GB:VTU Stock

According to Spark, TipRanks’ AI Analyst, GB:VTU is a Outperform.

Vertu Motors’ overall stock score is driven by a stable financial foundation with solid revenue growth, supported by positive technical trends and a reasonable valuation. The strategic share buyback program further enhances shareholder value. However, profitability pressures and operational challenges, such as the cyber-attack, present risks that temper the score.

To see Spark’s full report on GB:VTU stock, click here.

More about Vertu Motors

Vertu Motors is the fourth-largest automotive retailer in the UK, operating a network of 194 sales outlets across the country. Established in 2006 with a strategy to consolidate the UK motor retail sector, the Group aims to grow a scaled dealership business through acquisitions supplemented by organic growth and operational efficiencies across its national dealership network.

Average Trading Volume: 452,307

Technical Sentiment Signal: Strong Buy

Current Market Cap: £193.6M

For an in-depth examination of VTU stock, go to TipRanks’ Overview page.