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Foresight Group Holdings Ltd. ( (GB:FSG) ) has issued an announcement.
Foresight Group Holdings Limited announced the purchase of 13,477 of its ordinary shares as part of its new share buyback program. The shares, bought through Berenberg, will be held in treasury and will not have voting rights. This transaction is part of a larger buyback initiative under which 993,117 shares have been repurchased. The move affects the total number of voting shares, which stakeholders can use for interest calculations under FCA rules.
The most recent analyst rating on (GB:FSG) stock is a Buy with a £550.00 price target. To see the full list of analyst forecasts on Foresight Group Holdings Ltd. stock, see the GB:FSG Stock Forecast page.
Spark’s Take on GB:FSG Stock
According to Spark, TipRanks’ AI Analyst, GB:FSG is a Outperform.
Foresight Group Holdings Ltd. displays strong financial fundamentals with robust revenue growth and profitability, a solid balance sheet, and a strategic share buyback program that enhances shareholder value. While the valuation metrics are attractive, short-term technical indicators suggest caution. Overall, the company is well-positioned for long-term growth, making it appealing to value investors despite potential short-term volatility.
To see Spark’s full report on GB:FSG stock, click here.
More about Foresight Group Holdings Ltd.
Foresight Group Holdings Limited is a leading investment manager specializing in real assets and capital for growth, operating across the UK, Europe, and Australia. Founded in 1984, the company offers investment solutions that support the energy transition, decarbonization, nature recovery, and economic growth. It is a constituent of the FTSE 250 index and provides a diverse range of private and public funds, along with retail market investment solutions.
Average Trading Volume: 272,186
Technical Sentiment Signal: Strong Buy
Current Market Cap: £505.7M
For an in-depth examination of FSG stock, go to TipRanks’ Overview page.