Foresight Group Expands Share Buyback Program

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

Foresight Group Holdings Limited announced the purchase of 15,000 of its ordinary shares as part of its ongoing share buyback program. The shares, acquired through Berenberg, will be held in treasury and will not have voting rights. This transaction is part of a larger buyback effort that has seen over 1.2 million shares repurchased, impacting the total number of voting shares available to shareholders. This strategic move may influence the company’s market positioning and shareholder dynamics, aligning with regulatory requirements under UK law.

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. scores well due to its robust financial performance and strategic share buybacks, which enhance shareholder value. Technical indicators show positive momentum, though valuation metrics and high volatility require careful consideration.

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, Foresight focuses on investment opportunities that support the energy transition, decarbonization of industries, and nature recovery. As a constituent of the FTSE 250 index, the company offers a range of private and public funds, aiming to build a sustainable future and grow thriving companies and economies.

Average Trading Volume: 236,315

Technical Sentiment Signal: Strong Buy

Current Market Cap: £515M

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