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Vistry Group ( (GB:VTY) ) has provided an announcement.
Vistry Group PLC has announced the purchase of 45,000 of its own ordinary shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 636.20 GBp to 645.40 GBp and will be canceled, reducing the total number of shares in issue and affecting the total voting rights in the company. This move is part of Vistry’s strategy to manage its capital structure and could potentially enhance shareholder value by reducing the number of shares outstanding.
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: 923,274
Technical Sentiment Signal: Sell
Current Market Cap: £2.06B
See more insights into VTY stock on TipRanks’ Stock Analysis page.