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Vistry Group ( (GB:VTY) ) just unveiled an announcement.
Vistry Group PLC, a prominent player in the construction and homebuilding industry, has announced the purchase and subsequent cancellation of 46,000 of its Ordinary 50p Shares as part of its ongoing share buyback program. This transaction, executed through Peel Hunt LLP, is part of a strategy to manage the company’s capital structure and potentially enhance shareholder value. Following this buyback, the total number of voting rights in the company will be adjusted to 322,708,662, which stakeholders can use for calculating their interests under the FCA’s rules.
The most recent analyst rating on (GB:VTY) stock is a Hold with a £649.00 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 strong revenue growth and stable equity position, despite challenges in profitability and leverage. Technical indicators show positive momentum, but valuation metrics are unattractive 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: 958,479
Technical Sentiment Signal: Sell
Current Market Cap: £2.07B
See more data about VTY stock on TipRanks’ Stock Analysis page.