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Foresight Group Holdings Ltd. ( (GB:FSG) ) has provided an announcement.
Foresight Group Holdings Limited has executed a share buyback program, purchasing 15,000 of its ordinary shares at a volume-weighted average price of 395.9627 pence per share. These shares will be held in treasury, reducing the number of voting shares to 112,944,993 out of a total of 116,347,803 shares. This move is part of the company’s strategy to manage its capital structure and potentially enhance 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.
Founded in 1984, Foresight Group Holdings Limited is a leading investment manager specializing in real assets and growth capital. Operating across the UK, Europe, and Australia, Foresight offers investment opportunities focused on energy transition, industry decarbonization, and nature recovery. As a FTSE 250 index constituent, the company provides diversified investment strategies and solutions for both private and public funds, aiming to build a sustainable future and support thriving economies.
Average Trading Volume: 256,771
Technical Sentiment Signal: Buy
Current Market Cap: £445.8M
See more data about FSG stock on TipRanks’ Stock Analysis page.