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Vistry Group ( (GB:VTY) ) has issued an announcement.
Vistry Group has secured an additional £50 million grant from Homes England as part of a larger government funding initiative. This funding increases Vistry’s total to £252 million under the Affordable Homes Programme, supporting the delivery of over 3,500 affordable homes, reinforcing their commitment to sustainable housing and aligning with government housing supply goals.
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 is a leading homebuilder in the UK, known for developing sustainable new communities and leveraging partnerships with public and private sectors. They focus on delivering a mix of housing tenures, including affordable, private rented, and private homes for sale, with a strategic emphasis on timber manufacturing to enhance efficiency.
Average Trading Volume: 974,537
Technical Sentiment Signal: Sell
Current Market Cap: £1.98B
See more data about VTY stock on TipRanks’ Stock Analysis page.