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Foresight Group Holdings Ltd. ( (GB:FSG) ) just unveiled an update.
Foresight Group Holdings Limited has executed a share buyback program, purchasing 15,000 ordinary shares through Berenberg at a volume-weighted average price of 461.92 pence per share. This move is part of a broader buyback initiative that has seen the acquisition of 1,190,352 shares, impacting the total number of voting shares available to shareholders. The purchased shares will be held in treasury, thus having no voting rights, which affects the calculation of shareholder interests 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. scores well due to its robust financial performance and strategic share buybacks, which enhance shareholder value. Technical indicators show positive momentum, though valuation metrics and high volatility require careful consideration.
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. Founded in 1984, the company offers a range of investment solutions aimed at supporting the energy transition, decarbonizing industries, enhancing nature recovery, and fostering economic growth. As a constituent of the FTSE 250 index, Foresight is committed to building a sustainable future through diversified investment strategies that maximize asset value and provide attractive returns.
Average Trading Volume: 237,948
Technical Sentiment Signal: Strong Buy
Current Market Cap: £517.8M
Learn more about FSG stock on TipRanks’ Stock Analysis page.