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Vistry Group ( (GB:VTY) ) has shared an update.
Vistry Group PLC has announced a transaction involving the repurchase of 47,500 of its own Ordinary 50p shares as part of its ongoing share buyback programme. The shares were purchased at prices ranging from 619.00 GBp to 626.80 GBp, with a volume-weighted average price of 623.6329 GBp. Following the cancellation of these shares, the total number of Ordinary Shares in issue will be 326,329,920, with 390,070 shares held in Treasury, resulting in total voting rights of 325,939,850. This move is part of 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 £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: 1,319,291
Technical Sentiment Signal: Sell
Current Market Cap: £2.01B
Find detailed analytics on VTY stock on TipRanks’ Stock Analysis page.