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Vistry Group ( (GB:VTY) ) just unveiled an update.
Vistry Group PLC has announced the purchase of 85,000 of its own ordinary shares as part of its ongoing share buyback program. The shares were acquired at prices ranging from 580.00 GBp to 597.80 GBp and will be canceled, reducing the total number of voting rights in the company to 323,244,705. This move is part of Vistry’s strategy to manage its capital structure and could potentially enhance shareholder value by reducing the number of shares in circulation.
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
Learn more about VTY stock on TipRanks’ Stock Analysis page.