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Vertu Motors ( (GB:VTU) ) has issued an update.
Vertu Motors has repurchased 48,900 ordinary shares at an average price of 61.722 pence per share under its ongoing share buyback programme, and will cancel these shares, reducing the total number of shares with voting rights to 313,790,559. The move forms part of a long-running capital returns strategy that has seen more than £45.7 million returned to shareholders since 2017 and has cut the company’s share count by 21%, enhancing earnings per share and underscoring management’s commitment to shareholder value in the UK automotive retail sector.
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. Founded in 2006 with a strategy to consolidate the UK motor retail sector, the group continues to pursue growth through acquisitions of motor retail operations and targeted organic expansion, aiming to drive operational efficiencies across its national dealership network while focusing on delivering an outstanding customer motoring experience.
Average Trading Volume: 453,514
Technical Sentiment Signal: Strong Buy
Current Market Cap: £194.5M
See more insights into VTU stock on TipRanks’ Stock Analysis page.