The latest update is out from Vertu Motors ( (GB:VTU) ).
Vertu Motors has repurchased 50,000 ordinary shares as part of its ongoing share buyback programme, which started in October 2018. This initiative has returned over £35.5 million to shareholders, reducing the company’s shares in issue by 16.8%. The recent transaction is expected to impact shareholder calculations regarding interest in the company as it adjusts its number of shares with voting rights.
More about Vertu Motors
Vertu Motors is the fourth largest automotive retailer in the UK, operating a network of 199 sales outlets predominantly under the Bristol Street Motors and Vertu brand names. Established in November 2006, the company aims to consolidate the UK motor retail sector by acquiring motor retail operations and driving operational efficiencies through its national dealership network.
YTD Price Performance: -11.34%
Average Trading Volume: 537,455
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £168.9M
For an in-depth examination of VTU stock, go to TipRanks’ Stock Analysis page.