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Vistry Group Executes Share Buyback, Adjusts Voting Rights

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Vistry Group Executes Share Buyback, Adjusts Voting Rights

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

Vistry Group PLC has executed a share buyback transaction, purchasing 39,594 of its ordinary shares at prices ranging from 649.40 GBp to 665.00 GBp, with an average price of 660.77 GBp. This move is part of their ongoing share buyback program, which aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares and altering the company’s capital structure. The purchased shares will be canceled, adjusting the total voting rights to 321,427,485, which stakeholders can use for calculating their interest in the company.

The most recent analyst rating on (GB:VTY) stock is a Hold with a £608.00 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: 895,620

Technical Sentiment Signal: Sell

Current Market Cap: £2.07B

For an in-depth examination of VTY stock, go to TipRanks’ Overview page.

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