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Foresight Group Holdings Ltd. ( (GB:FSG) ) just unveiled an announcement.
Foresight Group Holdings Limited announced the purchase of 14,883 of its own ordinary shares as part of its share buyback program, with prices ranging from 454.50 GBp to 462.00 GBp per share. The purchased shares will be held in treasury, reducing the number of voting shares, which impacts shareholder calculations under FCA rules. This buyback is part of a broader strategy to manage the company’s capital structure and enhance shareholder value.
The most recent analyst rating on (GB:FSG) stock is a Buy with a £550.00 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. is well-positioned with strong financial fundamentals and a solid dividend yield, making it attractive for income investors. The company’s strategic share buybacks further bolster shareholder value. However, mixed technical indicators and increased debt levels pose potential risks that investors should monitor.
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 spanning the UK, Europe, and Australia. Established in 1984, Foresight focuses on investment opportunities that support the energy transition, decarbonization, and nature recovery, aiming to maximize asset value and provide attractive returns. It is a constituent of the FTSE 250 index and offers a diverse range of private and public funds, along with retail market investment solutions.
Average Trading Volume: 235,930
Technical Sentiment Signal: Strong Buy
Current Market Cap: £506.8M
Find detailed analytics on FSG stock on TipRanks’ Stock Analysis page.