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Vistry Group ( (GB:VTY) ) just unveiled an update.
Vistry Group PLC, a prominent player in the construction and housing industry, has announced the purchase of 84,225 of its own Ordinary Shares as part of its ongoing share buyback programme. The shares were acquired at prices ranging from 585.40 GBp to 600.00 GBp, with a volume-weighted average price of 593.64 GBp. Following the cancellation of these shares, the total number of voting rights in the company will be 323,714,333. This strategic move is expected to optimize the company’s capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:VTY) stock is a Hold with a £652.00 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 influenced by its strong revenue growth and stable equity position. However, challenges with declining profit margins, increased leverage, and a high P/E ratio weigh down the score. Technical indicators suggest cautious sentiment, further impacting the overall assessment.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Average Trading Volume: 959,249
Technical Sentiment Signal: Sell
Current Market Cap: £2B
Find detailed analytics on VTY stock on TipRanks’ Stock Analysis page.