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Vistry Group Executes Share Buyback, Reducing Share Count

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Vistry Group Executes Share Buyback, Reducing Share Count

Meet Your ETF AI Analyst

Vistry Group ( (GB:VTY) ) has shared an announcement.

Vistry Group PLC has announced the purchase of 46,000 of its own ordinary shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 642.00 GBp to 660.40 GBp and will be canceled, reducing the total number of shares in issue and affecting the company’s voting rights. This move is part of Vistry’s strategy to manage its capital structure and return value to shareholders, potentially impacting the company’s market position and shareholder interests.

The most recent analyst rating on (GB:VTY) stock is a Hold with a £608.00 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

Average Trading Volume: 943,166

Technical Sentiment Signal: Sell

Current Market Cap: £2.07B

See more insights into VTY stock on TipRanks’ Stock Analysis page.

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