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An update from Foresight Group Holdings Ltd. ( (GB:FSG) ) is now available.
Foresight Group Holdings Limited has announced the purchase of 15,000 of its own ordinary shares as part of its share buyback program, with the shares to be held in treasury and thus non-voting. This move is part of a broader strategy under which the company has repurchased a total of 1,519,784 shares, reflecting its commitment to enhancing shareholder value and optimizing its capital structure. The transaction impacts the total number of voting shares, which shareholders can use as a denominator for interest notifications under the FCA’s rules, potentially affecting stakeholder calculations and disclosures.
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, with operations 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 constituent of the FTSE 250 index, Foresight offers a diverse range of private and public funds, alongside investment solutions for the retail market, all united by a commitment to sustainability and economic growth.
Average Trading Volume: 203,455
Technical Sentiment Signal: Buy
Current Market Cap: £527.4M
For an in-depth examination of FSG stock, go to TipRanks’ Overview page.