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Vistry Group ( (GB:VTY) ) just unveiled an update.
Vistry Group PLC has executed a share buyback program, purchasing 47,000 of its ordinary shares at varying prices, with the highest price at 629.40 GBp and the lowest at 618.00 GBp. The shares acquired will be canceled, reducing the total number of shares in circulation and potentially increasing the value of remaining shares, thus impacting shareholder value and market perception positively.
The most recent analyst rating on (GB:VTY) stock is a Hold with a £1434.00 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 strong financial performance and strategic share buyback program support its stock score. However, technical indicators suggest caution due to potential bearish momentum, and the high P/E ratio without a dividend yield raises valuation concerns.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Vistry Group PLC operates in the construction and housebuilding industry, focusing on residential development and construction services. The company is known for its development of new homes and communities across the UK, catering to a range of market segments from affordable housing to premium properties.
Average Trading Volume: 1,045,172
Technical Sentiment Signal: Sell
Current Market Cap: £2.02B
For detailed information about VTY stock, go to TipRanks’ Stock Analysis page.