Vistry Group ( (GB:VTY) ) just unveiled an update.
Vistry Group PLC, a prominent player in the construction and housing industry, has announced a transaction involving the purchase of 47,000 of its own ordinary shares as part of its ongoing share buyback programme. The shares were purchased at prices ranging from 619.20 GBp to 626.80 GBp, with the volume-weighted average price being 623.3742 GBp. The purchased shares will be cancelled, reducing the total number of ordinary shares in issue to 328,036,927, with 390,070 shares held in Treasury. This move is expected to impact the company’s total voting rights, which will now be 327,646,857, and may affect shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
Spark’s Take on GB:VTY Stock
According to Spark, TipRanks’ AI Analyst, GB:VTY is a Neutral.
Vistry Group’s overall stock score reflects strong revenue growth and effective capital management through strategic share buybacks. However, challenges such as maintaining profit margins, high leverage, and a high valuation limit the stock’s potential. Technical indicators suggest caution, reinforcing a moderate outlook.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
YTD Price Performance: 8.88%
Average Trading Volume: 1,400,216
Technical Sentiment Signal: Buy
Current Market Cap: £2.03B
See more insights into VTY stock on TipRanks’ Stock Analysis page.