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Foresight Group Holdings Ltd. ( (GB:FSG) ) has provided an announcement.
Foresight Group Holdings Limited has executed a share buyback program, purchasing 15,000 ordinary shares through Berenberg, with prices ranging from 410.50 GBp to 425.00 GBp. The shares will be held in treasury, reducing the number of voting shares and potentially impacting shareholder calculations under FCA rules. This move is part of a larger buyback initiative, with over 934,313 shares repurchased, reflecting the company’s strategic financial management and commitment to optimizing 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. displays strong financial fundamentals with robust revenue growth and profitability, a solid balance sheet, and a strategic share buyback program that enhances shareholder value. While the valuation metrics are attractive, short-term technical indicators suggest caution. Overall, the company is well-positioned for long-term growth, making it appealing to value investors despite potential short-term volatility.
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 part of the FTSE 250 index, Foresight offers a diversified range of investment strategies and solutions for both private and public funds, committed to building a sustainable future.
Average Trading Volume: 256,651
Technical Sentiment Signal: Strong Buy
Current Market Cap: £476.2M
For detailed information about FSG stock, go to TipRanks’ Stock Analysis page.