Foresight Group Executes Share Buyback Program

Foresight Group Holdings Ltd. ( (GB:FSG) ) has shared an announcement.

Foresight Group Holdings Limited has executed a share buyback program, purchasing 15,000 ordinary shares at a volume-weighted average price of 454.964267 GBp per share. These shares will be held in treasury, reducing the number of voting shares to 112,675,455 out of the total 116,347,803 shares in issue. This move is part of a broader strategy to manage the company’s 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. presents a strong investment case driven by robust financial performance and strategic corporate actions. The technical indicators suggest a potential for short-term overbought conditions, but the overall fundamentals and valuation remain solid. The strategic share buyback program further enhances shareholder value.

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 providing capital for growth. Operating across the UK, Europe, and Australia, Foresight focuses on investment opportunities that support the energy transition, decarbonization, and nature recovery. As a constituent of the FTSE 250 index, the company offers a diversified range of private and public funds, aiming to build a sustainable future and thriving economies.

Average Trading Volume: 247,045

Technical Sentiment Signal: Strong Buy

Current Market Cap: £511.2M

For detailed information about FSG stock, go to TipRanks’ Stock Analysis page.