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Firstgroup ( (GB:FGP) ) has shared an announcement.
FirstGroup plc has executed a share buyback program, purchasing 147,486 of its ordinary shares at a weighted average price of 214.9288 pence. This transaction is part of a previously announced program and reflects the company’s strategy to manage its capital structure. The acquired shares are held in treasury, with the possibility of future cancellation, impacting the total voting rights and share calculations for stakeholders.
The most recent analyst rating on (GB:FGP) stock is a Buy with a £259.00 price target. To see the full list of analyst forecasts on Firstgroup stock, see the GB:FGP Stock Forecast page.
Spark’s Take on GB:FGP Stock
According to Spark, TipRanks’ AI Analyst, GB:FGP is a Outperform.
Firstgroup’s strong valuation and positive technical indicators are the most significant factors driving the score. The company’s strategic corporate events further enhance its market position. Financial performance is solid, though high leverage remains a risk.
To see Spark’s full report on GB:FGP stock, click here.
More about Firstgroup
FirstGroup plc operates in the transportation industry, primarily focusing on providing public transportation services. The company is known for its bus and rail services, serving a significant market in the UK and North America.
Average Trading Volume: 1,547,855
Technical Sentiment Signal: Buy
Current Market Cap: £1.18B
See more data about FGP stock on TipRanks’ Stock Analysis page.