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The latest update is out from Firstgroup ( (GB:FGP) ).
FirstGroup plc has executed a share buyback transaction, acquiring 606,131 of its ordinary shares at a weighted average price of 221.85 pence per share. This move is part of FirstGroup’s ongoing share buyback programme, which aims to optimize its capital structure and potentially enhance shareholder value. Following this purchase, FirstGroup holds a significant number of shares in treasury, with the option to cancel them in the future, thereby impacting the total number of voting rights available to shareholders.
The most recent analyst rating on (GB:FGP) stock is a Buy with a £215.00 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 key strengths, supported by effective capital management strategies. However, the high financial leverage remains a risk factor, partially offset by improving profitability and operational performance.
To see Spark’s full report on GB:FGP stock, click here.
More about Firstgroup
FirstGroup plc is a leading provider in the transportation industry, focusing on bus and rail services across the UK and North America. The company is known for its extensive network of public transport services, catering to both urban and intercity travel needs.
Average Trading Volume: 1,635,078
Technical Sentiment Signal: Buy
Current Market Cap: £1.26B
See more insights into FGP stock on TipRanks’ Stock Analysis page.