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Foresight Group Holdings Ltd. ( (GB:FSG) ) has shared an announcement.
Foresight Group Holdings Limited has executed a share buyback program, purchasing 15,000 of its ordinary shares through Berenberg. These shares will be held in treasury, reducing the number of voting shares to 113,187,303 out of the total 116,347,803 shares issued. This move is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value. The buyback reflects Foresight’s commitment to optimizing its financial operations and maintaining a robust market position.
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.
Founded in 1984, 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. The company focuses on providing investment opportunities that support the energy transition, decarbonization, nature recovery, and the economic potential of ambitious companies. As a constituent of the FTSE 250 index, Foresight combines financial and operational expertise to maximize asset value and deliver attractive returns, offering a range of private and public funds along with retail investment solutions.
Average Trading Volume: 212,957
Technical Sentiment Signal: Buy
Current Market Cap: £529.3M
For detailed information about FSG stock, go to TipRanks’ Stock Analysis page.