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Foresight Group Holdings Ltd. ( (GB:FSG) ) has provided an announcement.
Foresight Group Holdings Limited has executed a share buyback program, purchasing 4,529 of its ordinary shares through Berenberg. The shares, once settled, will be held in treasury, reducing the number of voting shares to 115,124,054 out of the total 116,347,803 shares in issue. This move aligns with the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and reflecting confidence in its financial health.
The most recent analyst rating on (GB:FSG) stock is a Buy with a £457.00 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. shows strong financial performance and positive corporate actions, such as share buybacks and director share purchases, which enhance shareholder value. However, technical analysis indicates bearish momentum, which tempers the overall score.
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 growth capital, operating across the UK, Europe, and Australia. The company focuses on investment opportunities that support the energy transition, decarbonization, and nature recovery, aiming to maximize asset value and provide attractive returns. As a constituent of the FTSE 250 index, Foresight offers a diversified range of private and public funds, along with retail market investment solutions, all driven by a commitment to sustainability and economic growth.
Average Trading Volume: 433,009
Technical Sentiment Signal: Hold
Current Market Cap: £472.5M
See more data about FSG stock on TipRanks’ Stock Analysis page.