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Vistry Group ( (GB:VTY) ) has provided an update.
Vistry Group PLC has announced a transaction involving the repurchase of 85,675 of its Ordinary 50p Shares as part of its ongoing share buyback programme. The shares were acquired at prices ranging from 566.60 GBp to 595.80 GBp, with a volume-weighted average price of 583.61 GBp. Following the cancellation of these shares, the total number of voting rights in the company will be 323,329,705. This move is in line with the company’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 £6.01 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 financial performance, which shows strong revenue growth but declining profit margins and increased leverage. Technical analysis indicates a lack of strong momentum, and the valuation suggests the stock may be overvalued. The absence of earnings call data and corporate events means these factors do not impact the score.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Average Trading Volume: 947,058
Technical Sentiment Signal: Sell
Current Market Cap: £1.84B
Learn more about VTY stock on TipRanks’ Stock Analysis page.