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The latest update is out from Foresight Group Holdings Ltd. ( (GB:FSG) ).
Foresight Group Holdings Limited has executed a share buyback program, purchasing 12,403 of its ordinary shares through Berenberg, with prices ranging from 467.00 GBp to 477.00 GBp. These shares will be held in treasury, thus having no voting rights. Additionally, 775,679 shares have been transferred from treasury to fulfill part of the earn-out for the 2022 acquisition of Infrastructure Capital. This transaction impacts the total voting shares available, which shareholders can use to assess their interest in the company under FCA rules.
The most recent analyst rating on (GB:FSG) stock is a Buy with a £546.00 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. has a strong financial performance with impressive growth and profitability, supported by solid technical indicators. The valuation is fair with an attractive dividend yield. However, caution is advised due to increased debt levels and potential overbought technical signals.
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 prominent investment manager specializing in real assets and capital for growth, with operations in the UK, Europe, and Australia. The company focuses on investment opportunities that support the energy transition, decarbonization, nature recovery, and economic growth. As part of the FTSE 250 index, Foresight offers a diverse range of private and public funds, along with investment solutions for the retail market, all aimed at building a sustainable future.
Average Trading Volume: 411,897
Technical Sentiment Signal: Buy
Current Market Cap: £541.7M
For detailed information about FSG stock, go to TipRanks’ Stock Analysis page.