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The latest update is out from Vistry Group ( (GB:VTY) ).
Vistry Group PLC announced a change in its capital structure due to its ongoing share buyback programme. The company has cancelled 408,150 shares, reducing its total ordinary shares to 324,585,128. Additionally, Vistry has increased its treasury shares to 690,070 by purchasing 500,000 shares. Consequently, the total voting rights now stand at 323,895,058, impacting how shareholders calculate their interests under regulatory rules.
The most recent analyst rating on (GB:VTY) stock is a Buy with a £715.00 price target. To see the full list of analyst forecasts on Vistry Group stock, see the GB:VTY Stock Forecast page.
Spark’s Take on GB:VTY Stock
According to Spark, TipRanks’ AI Analyst, GB:VTY is a Outperform.
Vistry Group’s overall stock score is driven by strong corporate actions and positive technical indicators. Financial performance shows growth but is tempered by margin pressures and leverage concerns. Valuation remains a challenge due to a high P/E ratio and lack of dividend yield.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Vistry Group PLC operates in the construction and housebuilding industry, focusing on the development of residential properties across the UK. The company is engaged in building homes and providing associated services, catering to a broad market segment ranging from affordable housing to premium residences.
Average Trading Volume: 1,002,471
Technical Sentiment Signal: Sell
Current Market Cap: £2.01B
Learn more about VTY stock on TipRanks’ Stock Analysis page.