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An update from Foresight Group Holdings Ltd. ( (GB:FSG) ) is now available.
Foresight Group Holdings Limited announced the purchase of 15,000 of its ordinary shares as part of its ongoing share buyback program. This move, executed through Berenberg, reflects the company’s strategy to manage its share capital effectively. The purchased shares will be held in treasury, reducing the number of voting shares and potentially impacting shareholder calculations under FCA rules. This action underscores Foresight’s commitment to enhancing shareholder value and optimizing its capital structure.
The most recent analyst rating on (GB:FSG) stock is a Buy with a £516.00 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. scores well due to its strong financial performance and strategic corporate actions like share buybacks. Technical indicators show positive momentum, although valuation metrics suggest the stock is fairly priced. The absence of recent earnings call data limits further insights.
To see Spark’s full report on GB:FSG stock, click here.
More about Foresight Group Holdings Ltd.
Foresight Group Holdings Limited, founded in 1984, is a prominent investment manager specializing in real assets and growth capital. Operating across the UK, Europe, and Australia, the company focuses on investment opportunities that drive energy transition, decarbonization, and nature recovery. As a FTSE 250 index constituent, Foresight offers a diverse range of investment strategies and solutions aimed at building a sustainable future.
Average Trading Volume: 199,542
Technical Sentiment Signal: Buy
Current Market Cap: £520.1M
Learn more about FSG stock on TipRanks’ Stock Analysis page.