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An announcement from Firstgroup ( (GB:FGP) ) is now available.
FirstGroup plc has executed a share buyback program, purchasing 165,000 of its ordinary shares at an average price of 222.79 pence per share. This move, facilitated by Panmure Liberum Limited, is part of FirstGroup’s strategy to manage its capital structure effectively. The company intends to hold these shares in treasury, which could impact the total number of voting rights and shares available in the market, potentially influencing shareholder value and market perception.
The most recent analyst rating on (GB:FGP) stock is a Hold with a £232.00 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 is driven primarily by its solid financial performance and attractive valuation. The company’s strong cash flow and improved profitability are significant strengths, while the technical analysis indicates some short-term uncertainty. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on GB:FGP stock, click here.
More about Firstgroup
FirstGroup plc operates in the transportation industry, primarily focusing on providing public transport services in the UK and North America. The company is known for its bus and rail services and aims to enhance its market position by optimizing its operations and financial strategies.
Average Trading Volume: 1,218,914
Technical Sentiment Signal: Buy
Current Market Cap: £1.21B
For detailed information about FGP stock, go to TipRanks’ Stock Analysis page.