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An announcement from First Property ( (GB:FPO) ) is now available.
First Property Group plc announced that its associate, Fprop Phoenix Limited, has purchased 100,000 ordinary shares in the company at a price of 15.00 pence per share. This acquisition increases PHO’s beneficial interest to 300,000 shares, representing approximately 0.20% of the company’s total issued share capital, potentially impacting the company’s market positioning and shareholder dynamics.
The most recent analyst rating on (GB:FPO) stock is a Hold with a £16.50 price target. To see the full list of analyst forecasts on First Property stock, see the GB:FPO Stock Forecast page.
Spark’s Take on GB:FPO Stock
According to Spark, TipRanks’ AI Analyst, GB:FPO is a Neutral.
The stock’s overall score is driven by a solid valuation and positive technical momentum. Financial performance is improving but remains challenged by inconsistent cash flow. Recent corporate events signal confidence but also point to potential risks.
To see Spark’s full report on GB:FPO stock, click here.
More about First Property
First Property Group plc is a property fund manager and investor, focusing on managing and investing in property funds.
Average Trading Volume: 46,027
Technical Sentiment Signal: Sell
Current Market Cap: £22.18M
Find detailed analytics on FPO stock on TipRanks’ Stock Analysis page.