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Foresight Group Holdings Ltd. ( (GB:FSG) ) has shared an update.
Foresight Group Holdings Limited has executed a share buyback program, purchasing 15,000 ordinary shares at a volume-weighted average price of 439.839033 pence per share. This move is part of a broader strategy to manage its capital structure, with a total of 954,131 shares bought back under the new program. The purchased shares will be held in treasury, reducing the number of voting shares and potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
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 in real assets and capital for growth, operating across the UK, Europe, and Australia. The company offers investment opportunities focused on the energy transition, decarbonization, nature recovery, and economic growth of ambitious companies. As a member of the FTSE 250 index, Foresight combines financial and operational expertise to maximize asset value and provide attractive returns through a diverse range of private and public funds.
Average Trading Volume: 257,228
Technical Sentiment Signal: Strong Buy
Current Market Cap: £476.2M
See more data about FSG stock on TipRanks’ Stock Analysis page.