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Vistry Group ( (GB:VTY) ) has provided an update.
Vistry Group PLC has executed a share buyback program, purchasing 47,000 of its own ordinary shares at prices ranging from 626.80 GBp to 648.80 GBp. The shares will be canceled, reducing the total number of shares in issue to 326,188,520, with 390,070 shares held in treasury. This action impacts the total voting rights, which will now stand at 325,798,450, and is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value.
The most recent analyst rating on (GB:VTY) stock is a Hold with a £1434.00 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: 1,200,197
Technical Sentiment Signal: Sell
Current Market Cap: £2.03B
For detailed information about VTY stock, go to TipRanks’ Stock Analysis page.