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Foresight Group Holdings Ltd. ( (GB:FSG) ) has issued an update.
Foresight Group Holdings Limited has executed a share buyback program, purchasing 15,000 of its ordinary shares through Berenberg. These shares will be held in treasury, reducing the number of voting shares to 113,335,646 out of a total of 116,347,803 shares. This move is part of a broader strategy to manage the company’s capital structure and enhance shareholder value, reflecting Foresight’s commitment to strategic financial management. The buyback could impact 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 £516.00 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 strong financial performance and strategic corporate actions like share buybacks. Technical indicators show positive momentum, although valuation metrics suggest the stock is fairly priced. The absence of recent earnings call data limits further insights.
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 in the UK, Europe, and Australia. The company focuses on investment opportunities that support energy transition, decarbonization, nature recovery, and the economic potential of ambitious companies. As a member of the FTSE 250 index, Foresight offers a range of private and public funds, aiming to build a sustainable future and grow thriving companies and economies.
Average Trading Volume: 194,764
Technical Sentiment Signal: Buy
Current Market Cap: £519.3M
See more data about FSG stock on TipRanks’ Stock Analysis page.