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An update from Foresight Group Holdings Ltd. ( (GB:FSG) ) is now available.
Foresight Group Holdings Limited has executed a share buyback program, purchasing 15,000 of its ordinary shares through Berenberg. This transaction is part of a broader buyback initiative announced earlier in the year, which has seen a total of 1,609,784 shares repurchased. These shares will be held in treasury, reducing the number of voting shares in circulation. This move is likely aimed at optimizing the company’s capital structure and 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.
Founded in 1984, 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 the energy transition, decarbonization, nature recovery, and economic growth. As a member of the FTSE 250 index, Foresight offers diversified investment strategies and solutions for both private and public funds, aiming to build a sustainable future and thriving economies.
Average Trading Volume: 196,161
Technical Sentiment Signal: Buy
Current Market Cap: £517.6M
See more insights into FSG stock on TipRanks’ Stock Analysis page.