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Vertu Motors ( (GB:VTU) ) has provided an announcement.
Vertu Motors has repurchased 15,000 of its own ordinary shares at 64 pence each under its ongoing share buyback programme, with the shares to be cancelled, reducing the total number of shares with voting rights to 313,725,252 and leaving the company with no treasury shares. The move forms part of a long-running capital return strategy that has seen more than £45.7 million returned to shareholders since 2017 and a 21% reduction in shares in issue, underlining management’s continued focus on enhancing shareholder value and tightening the equity base as the group consolidates its position in the UK automotive 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 UK’s fourth-largest automotive retailer, operating a network of 193 sales outlets. Founded in 2006 with a strategy to consolidate the fragmented UK motor retail sector, the group continues to pursue growth through acquisitions and organic expansion, aiming to build a scaled dealership platform and drive operational efficiencies across its nationwide network.
Average Trading Volume: 395,914
Technical Sentiment Signal: Buy
Current Market Cap: £201.5M
See more data about VTU stock on TipRanks’ Stock Analysis page.