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Vistry Group ( (GB:VTY) ) just unveiled an update.
Vistry Group PLC has executed a share buyback program, purchasing 45,500 of its ordinary shares at prices ranging from 654.60 GBp to 660.60 GBp. This move, part of a previously announced buyback initiative, will result in the cancellation of the purchased shares, adjusting the total voting rights to 320,703,042. This action is likely to impact the company’s stock value and shareholder equity, reflecting Vistry’s strategy to manage its capital structure and enhance shareholder value.
The most recent analyst rating on (GB:VTY) stock is a Hold with a £640.00 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 driven by its strong revenue growth and positive cash flow generation. However, challenges with declining profit margins and increased leverage weigh on the financial performance score. The technical analysis shows moderate momentum, while the valuation score is low due to a negative P/E ratio and lack of dividend yield.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Vistry Group PLC operates in the construction industry, primarily focusing on residential development and housebuilding. The company is known for its range of housing products and services, catering to various market segments, including affordable housing and private sales.
Average Trading Volume: 1,132,590
Technical Sentiment Signal: Sell
Current Market Cap: £2.09B
For detailed information about VTY stock, go to TipRanks’ Stock Analysis page.