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Firstgroup ( (GB:FGP) ) has provided an update.
FirstGroup plc has executed a share buyback, purchasing 28,104 of its ordinary shares at an average price of 229.59 pence per share. This transaction is part of its ongoing share buyback programme, and the acquired shares will be held in treasury, with the potential for future cancellation. This move reflects FirstGroup’s strategic focus on optimizing its capital structure, potentially enhancing shareholder value and impacting its market position.
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 technical indicators and favorable valuation are the main contributors to its high score. Positive corporate events further enhance its growth outlook. However, financial risks due to high leverage slightly temper the overall score.
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. The company focuses on delivering safe, reliable, and sustainable transport solutions across the UK and North America.
Average Trading Volume: 1,666,698
Technical Sentiment Signal: Buy
Current Market Cap: £1.25B
For detailed information about FGP stock, go to TipRanks’ Stock Analysis page.