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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 19,257 of its ordinary shares through Berenberg, with prices ranging from 443.00 GBp to 452.50 GBp. The repurchased shares will be held in treasury, reducing the total number of voting shares to 114,566,163 out of 116,347,803 shares in issue. This buyback is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value, reflecting Foresight’s commitment to strategic financial management.
The most recent analyst rating on (GB:FSG) stock is a Buy with a £546.00 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. has a strong financial performance with impressive growth and profitability, supported by solid technical indicators. The valuation is fair with an attractive dividend yield. However, caution is advised due to increased debt levels and potential overbought technical signals.
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 of ambitious companies. As a constituent of the FTSE 250 index, Foresight offers a range of private and public funds, alongside retail market investment solutions, all aimed at building a sustainable future.
Average Trading Volume: 406,907
Technical Sentiment Signal: Buy
Current Market Cap: £506.7M
See more insights into FSG stock on TipRanks’ Stock Analysis page.