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An update from Vistry Group ( (GB:VTY) ) is now available.
Vistry Group PLC, a company engaged in the construction and housebuilding industry, has executed a share buyback program, purchasing 44,000 of its ordinary shares through Peel Hunt LLP. The shares were bought at prices ranging from 624.80 GBp to 643.40 GBp and will be cancelled, reducing the total number of shares in issue to 321,267,164. 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 £684.00 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 score is driven by strong corporate actions like share buybacks, which enhance shareholder value. However, financial performance is mixed with strong revenue growth but declining margins and increased leverage. Technical indicators suggest stability but with caution due to potential overbought conditions. Valuation concerns due to a negative P/E ratio and lack of dividend yield weigh heavily on the score.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Average Trading Volume: 1,107,413
Technical Sentiment Signal: Sell
Current Market Cap: £2.05B
Learn more about VTY stock on TipRanks’ Stock Analysis page.