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Foresight Group Holdings Ltd. ( (GB:FSG) ) has issued an announcement.
Foresight Group Holdings Limited has repurchased 39,726 of its ordinary shares as part of its ongoing share buyback programme, paying between 427p and 433p per share at a volume-weighted average price of about 431.6p, with all shares acquired via Berenberg to be held in treasury without voting rights. Following this latest transaction, the group has bought back a total of 3,159,956 shares under the programme, leaving 114,839,531 voting shares out of 116,347,803 in issue, a change that slightly enhances earnings per share and alters the capital structure for existing shareholders who will use the updated voting share count for regulatory disclosure thresholds.
The most recent analyst rating on (GB:FSG) stock is a Buy with a £488.00 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. shows strong financial performance and positive corporate actions, such as share buybacks and director share purchases, which enhance shareholder value. However, technical analysis indicates bearish momentum, which tempers the overall score.
To see Spark’s full report on GB:FSG stock, click here.
More about Foresight Group Holdings Ltd.
Foresight Group Holdings Limited is a FTSE 250-listed investment manager specialising in real assets and growth capital across the UK, Europe and Australia. Founded in 1984, it focuses on investment strategies that support the energy transition, industrial decarbonisation, nature recovery and the scaling of ambitious companies, offering a mix of private and public funds as well as retail investment solutions aimed at delivering attractive returns while promoting a sustainable future.
Average Trading Volume: 290,497
Technical Sentiment Signal: Buy
Current Market Cap: £493M
Learn more about FSG stock on TipRanks’ Stock Analysis page.