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Vistry Group ( (GB:VTY) ) has shared an announcement.
Vistry Group PLC announced the purchase of 46,500 of its own ordinary shares as part of its ongoing share buyback program. The shares were acquired at prices ranging from 633.40 GBp to 651.80 GBp and will be canceled, reducing the total number of voting shares in circulation. 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 £636.00 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 financial performance, which shows strong revenue growth but challenges in profitability and leverage management. Technical analysis suggests a neutral market position with some bearish momentum. Valuation is a significant concern due to a negative P/E ratio and lack of dividend yield, reflecting potential profitability issues.
To see Spark’s full report on GB:VTY stock, click here.
More about Vistry Group
Vistry Group PLC operates in the construction and housebuilding industry, focusing on the development of residential properties across the UK. The company is known for its comprehensive range of housing solutions, catering to various market segments, including affordable housing and private sales.
Average Trading Volume: 968,555
Technical Sentiment Signal: Sell
Current Market Cap: £2.05B
For an in-depth examination of VTY stock, go to TipRanks’ Overview page.