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Vistry Group ( (GB:VTY) ) has issued an announcement.
Vistry Group PLC has executed a share buyback program, purchasing 45,000 of its ordinary shares at prices ranging from 652.60 GBp to 668.60 GBp, with an average price of 660.01 GBp. The repurchased shares will be canceled, reducing the total number of shares in issue to 322,530,320 and adjusting the total voting rights to 321,840,250. 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: 913,973
Technical Sentiment Signal: Sell
Current Market Cap: £2.12B
See more data about VTY stock on TipRanks’ Stock Analysis page.