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Vistry Group ( (GB:VTY) ) has shared an announcement.
Vistry Group PLC has executed a share buyback program, purchasing 49,000 of its ordinary shares through Peel Hunt LLP. The shares were bought at prices ranging from 591.80 GBp to 625.00 GBp, with a volume-weighted average price of 611.02 GBp. These shares will be canceled, reducing the total number of shares in issue and affecting the total voting rights, which will now stand at 323,195,705. 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 £628.00 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 financial performance, which shows strong revenue growth but declining profit margins and increased leverage. Technical analysis indicates a lack of strong momentum, and the valuation suggests the stock may be overvalued. The absence of earnings call data and corporate events means these factors do not impact the score.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Average Trading Volume: 960,486
Technical Sentiment Signal: Sell
Current Market Cap: £1.9B
For detailed information about VTY stock, go to TipRanks’ Stock Analysis page.