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Vistry Group ( (GB:VTY) ) has issued an announcement.
Vistry Group PLC has executed a share buyback program, purchasing 46,000 of its ordinary shares at prices ranging from 639.20 GBp to 655.60 GBp, with an average price of 644.53 GBp. This move will reduce the number of shares in circulation, potentially increasing the value of remaining shares and altering the total voting rights to 322,527,062, impacting shareholder calculations and interests.
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
Vistry Group PLC operates in the construction industry, primarily focusing on residential construction and development projects across the UK. The company is known for its housing developments and partnerships with local authorities and housing associations.
Average Trading Volume: 939,697
Technical Sentiment Signal: Sell
Current Market Cap: £2.1B
For an in-depth examination of VTY stock, go to TipRanks’ Overview page.