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Vistry Group ( (GB:VTY) ) has issued 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 purchased at prices ranging from 622.00 GBp to 634.00 GBp and will be cancelled, reducing the total number of shares in circulation and adjusting the company’s total voting rights. This move is part of Vistry’s strategy to manage its capital structure and may impact shareholder value by potentially increasing earnings per share.
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
Average Trading Volume: 974,537
Technical Sentiment Signal: Sell
Current Market Cap: £1.98B
See more insights into VTY stock on TipRanks’ Stock Analysis page.