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Vistry Group ( (GB:VTY) ) has provided an update.
Vistry Group PLC has announced the purchase of 48,000 of its own ordinary shares as part of its ongoing share buyback program. The shares were acquired at prices ranging from 615.60 GBp to 637.00 GBp, with a volume-weighted average price of 629.05 GBp. Following the cancellation of these shares, the total number of voting rights in the company will be 322,974,341. This move is part of Vistry’s strategy to manage its capital structure and could impact shareholder value by potentially increasing earnings per share.
The most recent analyst rating on (GB:VTY) stock is a Hold with a £636.00 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 challenges in profitability and leverage management. Technical analysis suggests a neutral market position with some bearish momentum. Valuation is a significant concern due to a negative P/E ratio and lack of dividend yield, reflecting potential profitability issues.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Average Trading Volume: 974,537
Technical Sentiment Signal: Sell
Current Market Cap: £1.98B
See more insights into VTY stock on TipRanks’ Stock Analysis page.