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Vistry Group ( (GB:VTY) ) has shared an update.
Vistry Group PLC, a company involved in the homebuilding and construction industry, announced the purchase of 47,600 of its own ordinary shares as part of its ongoing share buyback program. The shares were acquired at prices ranging from 599.40 GBp to 638.80 GBp, with a volume-weighted average price of 630.01 GBp. These shares will be canceled, reducing the total number of ordinary shares in issue and impacting the company’s total 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 £672.00 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 driven by its strong revenue growth and positive cash flow generation. However, challenges with declining profit margins and increased leverage weigh on the financial performance score. The technical analysis shows moderate momentum, while the valuation score is low 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: 896,321
Technical Sentiment Signal: Sell
Current Market Cap: £2.02B
For a thorough assessment of VTY stock, go to TipRanks’ Stock Analysis page.