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Foresight Group Holdings Ltd. ( (GB:FSG) ) has shared 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. These shares, once settled, will be held in treasury and will not carry voting rights. The buyback program has so far resulted in the acquisition of 1,325,164 ordinary shares, affecting the total number of voting shares available. This strategic move is likely to impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules, potentially influencing the company’s market positioning and investor relations.
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. demonstrates strong financial performance and strategic initiatives, such as the share buyback program, which enhance shareholder value. The technical indicators support a positive outlook, while the valuation remains attractive with a reasonable P/E ratio and high dividend yield.
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, with operations across the UK, Europe, and Australia. The company focuses on investment opportunities that drive energy transition, decarbonization, nature recovery, and economic growth, offering a range of private and public funds as well as retail market solutions. As part of the FTSE 250 index, Foresight is committed to building a sustainable future and thriving economies.
Average Trading Volume: 233,208
Technical Sentiment Signal: Strong Buy
Current Market Cap: £512.3M
For a thorough assessment of FSG stock, go to TipRanks’ Stock Analysis page.