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Vertu Motors ( (GB:VTU) ) has issued an update.
Vertu Motors has repurchased 40,882 of its own ordinary shares at 62.75 pence each under its ongoing share buyback programme, with the shares to be cancelled, reducing the total number of ordinary shares with voting rights to 313,740,252 and leaving the Company with no shares held in treasury. Since initiating share buybacks in 2017, Vertu has returned over £45.7 million to shareholders and cut its shares in issue by 21%, underlining a sustained commitment to capital returns and potentially enhancing earnings per share and shareholder value as it continues to pursue its consolidation-driven growth strategy in the UK motor retail market.
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 193 sales outlets across the country. Established in 2006 with a strategy to consolidate the UK motor retail sector, the Group focuses on acquiring motor retail operations and driving organic growth and operational efficiencies through its national dealership network, underpinned by a mission to deliver an outstanding customer motoring experience through honesty and trust.
Average Trading Volume: 432,066
Technical Sentiment Signal: Strong Buy
Current Market Cap: £195.9M
For a thorough assessment of VTU stock, go to TipRanks’ Stock Analysis page.