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Foresight Group Holdings Ltd. ( (GB:FSG) ) just unveiled an update.
Foresight Group Holdings Ltd. has executed a share buyback program, purchasing 15,000 of its ordinary shares through Berenberg. The shares, bought at prices ranging from 398.00 to 402.00 GBp, will be held in treasury, reducing the number of voting shares. This move is part of a larger buyback initiative that has seen a total of 881,041 shares repurchased, impacting the company’s share structure 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.
Founded in 1984, Foresight Group Holdings Ltd. is a prominent investment manager specializing in real assets and growth capital. Operating across the UK, Europe, and Australia, the company focuses on investment opportunities that drive energy transition, decarbonization, and nature recovery. As a FTSE 250 index constituent, Foresight combines financial and operational expertise to deliver attractive returns through a diverse range of private and public funds, alongside retail investment solutions.
Average Trading Volume: 250,812
Technical Sentiment Signal: Buy
Current Market Cap: £453.4M
See more data about FSG stock on TipRanks’ Stock Analysis page.