Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Firstgroup ( (GB:FGP) ) just unveiled an announcement.
FirstGroup plc has executed a share buyback transaction, purchasing 384,729 of its ordinary shares at a weighted average price of 220.18 pence per share. This move is part of its ongoing share buyback program, and the purchased shares are intended to be held as treasury shares, with the possibility of cancellation in the future. The transaction impacts the company’s total voting rights, which now stand at 574,079,789, excluding treasury shares. This strategic financial maneuver could influence shareholder value and market perception, reflecting FirstGroup’s commitment to optimizing its capital structure.
The most recent analyst rating on (GB:FGP) stock is a Buy with a £205.00 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 stock is favorably positioned with strong financial performance, attractive valuation, and positive corporate actions. Technical indicators support a growing momentum. High leverage is a risk factor, but strategic initiatives such as share buybacks and employee share plans bolster confidence.
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 transport services. The company is known for its bus and rail operations, serving various markets across the UK and North America.
Average Trading Volume: 1,592,269
Technical Sentiment Signal: Buy
Current Market Cap: £1.22B
See more insights into FGP stock on TipRanks’ Stock Analysis page.