Foresight Group Executes Share Buyback Program

The latest announcement is out from Foresight Group Holdings Ltd. ( (GB:FSG) ).

Foresight Group Holdings Limited announced the purchase of 11,400 of its ordinary shares as part of its new share buyback program. The shares, bought through Berenberg, will be held in treasury and thus will not have voting rights. This move is part of a broader strategy under which a total of 825,678 shares have been repurchased, impacting the number of voting shares available and potentially influencing shareholder calculations under FCA regulations.

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 is a leading investment manager specializing in real assets and capital for growth, with operations across the UK, Europe, and Australia. Established in 1984, the company focuses on investment opportunities that support the energy transition, decarbonization of industries, and nature recovery, while also fostering economic growth. As a part of the FTSE 250 index, Foresight offers a diversified range of private and public funds, along with retail market investment solutions, all aimed at building a sustainable future.

Average Trading Volume: 260,434

Technical Sentiment Signal: Buy

Current Market Cap: £448.6M

Learn more about FSG stock on TipRanks’ Stock Analysis page.