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Vistry Group ( (GB:VTY) ) has issued an announcement.
Vistry Group PLC has executed a share buyback program, purchasing 48,000 of its Ordinary 50p shares through Peel Hunt LLP. The shares were bought at prices ranging from 600.80 GBp to 620.00 GBp, with a volume-weighted average price of 607.43 GBp. Following the cancellation of these shares, the total number of voting rights in the company will be 323,798,558. This move is part of the company’s strategy to manage its capital structure and may impact shareholder value by altering the number of shares in circulation.
The most recent analyst rating on (GB:VTY) stock is a Hold with a £652.00 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 Neutral.
Vistry Group’s overall stock score is primarily influenced by its strong revenue growth and stable equity position. However, challenges with declining profit margins, increased leverage, and a high P/E ratio weigh down the score. Technical indicators suggest cautious sentiment, further impacting the overall assessment.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Average Trading Volume: 982,426
Technical Sentiment Signal: Sell
Current Market Cap: £1.97B
Find detailed analytics on VTY stock on TipRanks’ Stock Analysis page.