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The latest update is out from Vistry Group ( (GB:VTY) ).
Vistry Group PLC has announced the purchase of 46,500 of its own ordinary shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 631.40 GBp to 642.40 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 potentially enhance shareholder value.
The most recent analyst rating on (GB:VTY) stock is a Hold with a £1315.00 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 supported by its strong revenue growth and strategic share buybacks, which signal management confidence. However, challenges such as high leverage, declining profit margins, and an overvalued stock price limit its potential. Technical indicators suggest a cautious outlook, contributing to a moderate overall score.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Average Trading Volume: 1,262,397
Technical Sentiment Signal: Sell
Current Market Cap: £2.03B
For detailed information about VTY stock, go to TipRanks’ Stock Analysis page.