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Firstgroup ( (GB:FGP) ) has provided an update.
FirstGroup plc has executed a share buyback transaction, purchasing 472,318 ordinary shares at a weighted average price of 220.66 pence per share, as part of its ongoing share buyback programme. This move is intended to manage the company’s capital structure and potentially enhance shareholder value, with the purchased shares being held in treasury, which could influence voting rights and shareholder interests.
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 Neutral.
FirstGroup’s overall stock score reflects mixed financial performance with challenges in profitability and leverage, countered by positive cash flows. The stock’s technical indicators show bearish momentum, but its attractive valuation metrics, including a low P/E ratio and decent dividend yield, provide a buffer. Recent corporate actions, such as the share buyback and strategic acquisitions, further enhance the outlook, despite not directly impacting the score calculation due to weight redistribution.
To see Spark’s full report on GB:FGP stock, click here.
More about Firstgroup
Average Trading Volume: 1,426,584
Technical Sentiment Signal: Buy
Current Market Cap: £1.27B
See more insights into FGP stock on TipRanks’ Stock Analysis page.