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Firstgroup ( (GB:FGP) ) has provided an update.
FirstGroup plc has executed a share buyback, acquiring 13,348 ordinary shares at a consistent price of 230 pence each, as part of its ongoing share buyback programme. This transaction, facilitated by Panmure Liberum Limited, results in FirstGroup holding a total of 180,771,764 shares in treasury, with 569,923,251 shares remaining in circulation. The company may choose to cancel the treasury shares in the future, impacting its share capital structure and potentially influencing shareholder value.
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 providing public transport services including bus and rail operations in the UK and North America. The company focuses on delivering reliable and sustainable transport solutions to enhance connectivity and mobility for passengers.
Average Trading Volume: 1,623,588
Technical Sentiment Signal: Buy
Current Market Cap: £1.27B
For detailed information about FGP stock, go to TipRanks’ Stock Analysis page.