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The latest announcement is out from Vistry Group ( (GB:VTY) ).
Vistry Group PLC has announced the purchase of 45,500 of its own Ordinary 50p Shares as part of its ongoing share buyback programme. These shares, acquired through Peel Hunt LLP, will be cancelled, reducing the total number of shares in issue and impacting the company’s total voting rights, which will now stand at 320,794,292. This move is part of Vistry’s strategic financial management, potentially enhancing shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:VTY) stock is a Sell with a £475.00 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.
Vistry Group’s overall stock score is primarily driven by its strong revenue growth and positive cash flow generation. However, challenges with declining profit margins and increased leverage weigh on the financial performance score. The technical analysis shows moderate momentum, while the valuation score is low due to a negative P/E ratio and lack of dividend yield.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Average Trading Volume: 1,145,994
Technical Sentiment Signal: Sell
Current Market Cap: £2.1B
Learn more about VTY stock on TipRanks’ Stock Analysis page.