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Firstgroup ( (GB:FGP) ) has shared an announcement.
FirstGroup plc has executed a share buyback program, purchasing 654,683 ordinary shares at an average price of 224.09 pence per share. This move is part of their strategy to manage capital and potentially enhance shareholder value, with the purchased shares held in treasury and possibly subject to cancellation in the future. The transaction impacts the total number of voting rights, which now stands at 578,580,726, excluding treasury shares, influencing shareholder calculations under the FCA’s rules.
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 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, primarily offering bus and rail services across the UK and North America. The company focuses on delivering reliable and efficient public transport solutions to meet the needs of commuters and travelers.
Average Trading Volume: 1,635,078
Technical Sentiment Signal: Buy
Current Market Cap: £1.26B
For an in-depth examination of FGP stock, go to TipRanks’ Overview page.