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Vistry Group ( (GB:VTY) ) has issued an update.
Vistry Group PLC has executed a share buyback program, purchasing 47,500 of its own ordinary shares at prices ranging from 624.80 GBp to 635.00 GBp, with an average price of 629.66 GBp. The purchased shares will be cancelled, reducing the total number of voting rights in the company to 322,432,562. This move is part of the company’s ongoing efforts to manage its capital structure and may impact shareholder value and market perception.
The most recent analyst rating on (GB:VTY) stock is a Hold with a £649.00 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 strong revenue growth and stable equity position, despite challenges in profitability and leverage. Technical indicators show positive momentum, but valuation metrics are 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: 936,416
Technical Sentiment Signal: Sell
Current Market Cap: £2.04B
Learn more about VTY stock on TipRanks’ Stock Analysis page.