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Vistry Group ( (GB:VTY) ) has provided an announcement.
Vistry Group PLC has announced a transaction involving the repurchase of 48,000 of its Ordinary 50p Shares as part of its ongoing share buyback programme. The shares were bought at prices ranging from 611.00 GBp to 633.80 GBp and will be cancelled, reducing the total number of voting rights in the company to 322,337,562. 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 £652.00 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 strong revenue growth and stable equity position are significant positives, but challenges in profitability and increased leverage weigh on the score. Technical indicators suggest a neutral trend with potential for a rebound. The valuation is 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: 925,660
Technical Sentiment Signal: Sell
Current Market Cap: £1.94B
Find detailed analytics on VTY stock on TipRanks’ Stock Analysis page.