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Vistry Group ( (GB:VTY) ) has provided an update.
Vistry Group PLC announced the purchase of 48,000 of its own ordinary shares as part of its ongoing share buyback program. This transaction, conducted through Numis Securities Limited, will lead to the cancellation of the purchased shares, adjusting the total number of voting rights in the company to 324,955,508. This move is part of Vistry’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:VTY) stock is a Hold with a £1434.00 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 Neutral.
The most significant factor for Vistry Group is its financial performance with strong revenue growth but declining margins. The positive impact of share buybacks supports the stock, while technical indicators and valuation raise caution.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Vistry Group PLC operates in the construction and homebuilding industry, focusing on the development of residential properties across the UK.
Average Trading Volume: 1,045,172
Technical Sentiment Signal: Sell
Current Market Cap: £2.02B
Learn more about VTY stock on TipRanks’ Stock Analysis page.