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Foresight Group Holdings Ltd. ( (GB:FSG) ) has issued an update.
Foresight Group Holdings Limited has announced a share buyback program, purchasing 15,000 of its ordinary shares through Berenberg. The shares will be held in treasury, reducing the number of voting shares and potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules. This move is part of a larger buyback initiative that has seen a total of 663,538 shares repurchased, reflecting the company’s strategic financial management and potentially enhancing shareholder value.
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, founded in 1984, is a leading investment manager specializing in real assets and capital for growth. Operating across the UK, Europe, and Australia, Foresight offers investment opportunities aimed at supporting the energy transition, decarbonizing industries, enhancing nature recovery, and realizing economic potential. As a constituent of the FTSE 250 index, the company provides diversified investment strategies and solutions for both private and public funds, with a strong commitment to sustainability and economic growth.
Average Trading Volume: 265,564
Technical Sentiment Signal: Sell
Current Market Cap: £427.9M
See more data about FSG stock on TipRanks’ Stock Analysis page.