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Foresight Group Holdings Ltd. ( (GB:FSG) ) has issued an announcement.
Foresight Group Holdings Limited has announced a share buyback program, purchasing 11,605 of its ordinary shares through Berenberg. These shares will be held in treasury, reducing the number of voting shares to 112,741,085 out of the total 116,347,803 shares in issue. This move is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value. The buyback reflects Foresight’s ongoing commitment to financial optimization and could have implications for shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
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.
Founded in 1984, Foresight Group Holdings Limited is a leading investment manager specializing in real assets and growth capital across the UK, Europe, and Australia. The company focuses on investment opportunities that support energy transition, industry decarbonization, and nature recovery, aiming to build a sustainable future. As a constituent of the FTSE 250 index, Foresight offers a diversified range of private and public funds, complemented by investment solutions for the retail market.
Average Trading Volume: 272,186
Technical Sentiment Signal: Strong Buy
Current Market Cap: £505.7M
See more data about FSG stock on TipRanks’ Stock Analysis page.