FirstGroup Executes Share Buyback Program

The latest announcement is out from Firstgroup ( (GB:FGP) ).

FirstGroup plc has executed a share buyback program, acquiring 14,379 of its ordinary shares at a consistent price of 230 pence per share. This transaction is part of a previously announced buyback initiative, and the company plans to hold these shares in treasury, with the possibility of cancellation in the future. The move reflects FirstGroup’s strategic financial management, potentially enhancing shareholder value and influencing the company’s market positioning by adjusting the number of shares in circulation.

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 corporate events and technical indicators drive a positive outlook, supported by solid financial performance. The valuation is attractive, 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 offering public transport services including buses and trains. The company focuses on providing efficient and reliable transport solutions across various regions.

Average Trading Volume: 1,576,611

Technical Sentiment Signal: Buy

Current Market Cap: £1.26B

See more data about FGP stock on TipRanks’ Stock Analysis page.