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Foresight Group Holdings Ltd. ( (GB:FSG) ) just unveiled an update.
Foresight Group Holdings Limited announced the purchase of 13,343 of its ordinary shares as part of its new share buyback program. The shares, bought through Berenberg, will be held in treasury, reducing the number of voting shares and potentially impacting shareholder calculations under FCA rules. This move reflects Foresight’s strategic financial management, aiming to enhance shareholder value and optimize its capital structure.
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.
Foresight Group Holdings Limited is a leading investment manager specializing in real assets and providing capital for growth. Operating across the UK, Europe, and Australia, the company focuses on investment opportunities that support the energy transition, decarbonization, nature recovery, and economic growth. As a constituent of the FTSE 250 index, Foresight offers a diversified range of private and public funds, aiming to build a sustainable future and thriving economies.
Average Trading Volume: 198,120
Technical Sentiment Signal: Buy
Current Market Cap: £511.3M
For a thorough assessment of FSG stock, go to TipRanks’ Stock Analysis page.