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Vistry Group ( (GB:VTY) ) just unveiled an update.
Vistry Group PLC announced the purchase of 47,000 of its own ordinary shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 629.00 GBp to 640.40 GBp and will be canceled, reducing the total number of shares in issue and impacting the company’s voting rights. 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 £750.00 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 Outperform.
Vistry Group’s overall stock score is primarily supported by its robust financial performance and positive corporate events, notably the strategic share buyback program. While there are challenges with profitability and a relatively high valuation, the company’s medium-term technical indicators provide some optimism. The absence of dividend yield and high P/E ratio are key valuation concerns.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Average Trading Volume: 1,267,186
Technical Sentiment Signal: Sell
Current Market Cap: £2.05B
For detailed information about VTY stock, go to TipRanks’ Stock Analysis page.