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Foresight Group Holdings Ltd. ( (GB:FSG) ) has provided an announcement.
Foresight Group Holdings Limited has announced the purchase of 15,000 of its own ordinary shares as part of its share buyback program. This transaction is part of a larger initiative that has seen the company buy back a total of 1,698,127 shares, which are held in treasury and do not carry voting rights. This move is expected to impact the company’s share structure, with 113,232,303 shares retaining voting rights out of the 116,347,803 shares in issue. The buyback program is a strategic effort to manage the company’s capital structure and potentially enhance shareholder value.
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.
Founded in 1984, Foresight Group Holdings Limited is a leading investment manager specializing in real assets and capital for growth, operating across the UK, Europe, and Australia. The company focuses on investment opportunities that support the energy transition, decarbonization, and nature recovery, aiming to maximize asset value and provide attractive returns. As a FTSE 250 index constituent, Foresight offers a diversified range of private and public funds and investment solutions for the retail market, committed to building a sustainable future.
Average Trading Volume: 202,965
Technical Sentiment Signal: Buy
Current Market Cap: £512M
For a thorough assessment of FSG stock, go to TipRanks’ Stock Analysis page.