TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from Foresight Group Holdings Ltd. ( (GB:FSG) ).
Foresight Group Holdings Limited announced the purchase of 18,500 of its own ordinary shares as part of a share buyback program initiated earlier in the year. This transaction, executed through Berenberg, reflects the company’s strategy to manage its share capital effectively, with the purchased shares held in treasury and thus non-voting. The buyback program has so far resulted in the acquisition of 2,455,025 shares, impacting the total voting shares available and potentially influencing shareholder calculations under regulatory guidelines.
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.
Founded in 1984, Foresight Group Holdings Limited is a leading investment manager specializing in real assets and capital for growth. Operating across the UK, Europe, and Australia, Foresight offers investment opportunities focused on energy transition, industry decarbonization, nature recovery, and economic growth. As a FTSE 250 index constituent, the company provides diverse investment strategies and solutions for both private and public funds, aiming to build a sustainable future.
Average Trading Volume: 429,636
Technical Sentiment Signal: Sell
Current Market Cap: £469.1M
Find detailed analytics on FSG stock on TipRanks’ Stock Analysis page.