Foresight Group Expands Share Buyback Program

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

Foresight Group Holdings Limited announced the purchase of 15,000 of its own ordinary shares as part of its share buyback program, with the shares to be held in treasury and thus non-voting. This move is part of a larger buyback initiative that has seen over a million shares repurchased, impacting the total number of voting shares available and potentially affecting shareholder calculations under FCA rules.

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 a strong financial performance with attractive valuation metrics and a proactive approach to enhancing shareholder value through strategic buybacks. While technical indicators show positive momentum, potential overbought conditions should be monitored. Overall, the company is well-positioned for growth in the asset management industry.

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 in the UK, Europe, and Australia. The company focuses on investment opportunities that support the energy transition, decarbonization, nature recovery, and economic growth. As a FTSE 250 index constituent, Foresight offers a diverse range of private and public funds, complemented by retail market investment solutions, all aimed at building a sustainable future.

Average Trading Volume: 238,942

Technical Sentiment Signal: Strong Buy

Current Market Cap: £507.5M

For an in-depth examination of FSG stock, go to TipRanks’ Overview page.