Foresight Group Executes Share Buyback to Optimize Capital Structure

Foresight Group Holdings Ltd. ( (GB:FSG) ) has shared an announcement.

Foresight Group Holdings Limited has executed a share buyback program, purchasing 19,439 of its ordinary shares through Berenberg. This action is part of a larger buyback initiative, resulting in 2,515,252 shares bought back, with 1,156,946 shares held in treasury and non-voting. This move aims to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.

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, founded in 1984, is a leading investment manager specializing in real assets and capital for growth. Operating in the UK, Europe, and Australia, the company focuses on investment opportunities that support energy transition, decarbonization, and nature recovery. As a constituent of the FTSE 250 index, Foresight offers a range of private and public funds, aiming to build a sustainable future and grow thriving companies and economies.

Average Trading Volume: 434,002

Technical Sentiment Signal: Sell

Current Market Cap: £470.1M

For detailed information about FSG stock, go to TipRanks’ Stock Analysis page.