Vistry Group Executes Share Buyback, Adjusts Voting Rights

Vistry Group ( (GB:VTY) ) has issued an update.

Vistry Group PLC has announced a transaction involving the repurchase of 49,000 of its Ordinary 50p Shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 604.20 GBp to 612.60 GBp and will be canceled, reducing the total number of shares in issue and adjusting the total voting rights to 326,842,616. 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 £1315.00 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 strong revenue growth and strategic share buybacks are significant positives. However, challenges in maintaining profit margins, increased leverage, and high valuation limit its potential. Technical indicators suggest caution, resulting in a moderate overall score.

To see Spark’s full report on GB:VTY stock, click here.

More about Vistry Group

Average Trading Volume: 1,262,738

Technical Sentiment Signal: Sell

Current Market Cap: £2.04B

See more data about VTY stock on TipRanks’ Stock Analysis page.