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The latest update is out from Foresight Group Holdings Ltd. ( (GB:FSG) ).
Foresight Group Holdings Limited has executed a share buyback program, purchasing 5,175 of its ordinary shares through Berenberg. These shares will be held in treasury, reducing the number of voting shares to 115,245,909 out of 116,347,803 total shares. 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 Hold with a £442.00 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 Neutral.
Foresight Group Holdings Ltd. has a strong financial performance with impressive revenue and profit growth, which is the most significant factor in its score. However, the technical analysis indicates bearish momentum, which negatively impacts the overall score. The valuation is reasonable with a strong dividend yield, providing some support to the score. The absence of earnings call and corporate events data means these factors do not influence the score.
To see Spark’s full report on GB:FSG stock, click here.
More about Foresight Group Holdings Ltd.
Foresight Group Holdings Limited, founded in 1984, is a prominent investment manager specializing in real assets and growth capital, with operations across the UK, Europe, and Australia. As a member of the FTSE 250 index, Foresight focuses on investment solutions that support the energy transition, decarbonization, nature recovery, and economic growth, offering a diverse range of private and public funds.
Average Trading Volume: 431,199
Technical Sentiment Signal: Sell
Current Market Cap: £467.3M
Find detailed analytics on FSG stock on TipRanks’ Stock Analysis page.