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Vistry Group ( (GB:VTY) ) just unveiled an announcement.
Vistry Group PLC has announced the purchase of 46,400 of its Ordinary 50p Shares as part of its ongoing share buyback programme. The shares were bought at prices ranging from 639.00 GBp to 649.00 GBp and will be cancelled, reducing the total number of shares in issue and affecting the company’s voting rights. This move is part of Vistry’s strategy to manage its capital structure and could potentially enhance shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:VTY) stock is a Hold with a £649.00 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, despite challenges in profitability and leverage. Technical indicators show positive momentum, but valuation metrics are unattractive 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: 961,417
Technical Sentiment Signal: Sell
Current Market Cap: £2.07B
See more insights into VTY stock on TipRanks’ Stock Analysis page.