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Vistry Group ( (GB:VTY) ) has shared an announcement.
Vistry Group PLC has executed a share buyback program, purchasing 48,000 of its own ordinary shares at prices ranging from 610.20 GBp to 631.60 GBp, with an average price of 619.0485 GBp. The acquired shares will be canceled, reducing the total number of shares in issue and adjusting the total voting rights to 325,339,832. This move is part of the company’s strategy to manage its capital structure and may impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:VTY) stock is a Hold with a £6.50 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 score reflects strong corporate actions, such as share buybacks and capital reduction, enhancing shareholder value. However, financial performance challenges like profit margin pressures and high P/E ratio suggest potential risks. Technical indicators indicate a mixed outlook, with potential for positive movement.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Average Trading Volume: 1,037,791
Technical Sentiment Signal: Sell
Current Market Cap: £2B
Learn more about VTY stock on TipRanks’ Stock Analysis page.