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Firstgroup ( (GB:FGP) ) has issued an announcement.
FirstGroup plc has executed a share buyback program, purchasing 134,884 of its ordinary shares at a weighted average price of 217.15 pence. This move, facilitated through Panmure Liberum Limited, aims to hold these shares as treasury shares, with the potential for cancellation in the future. The transaction reflects FirstGroup’s strategic financial management and may impact shareholder value by potentially increasing earnings per share.
The most recent analyst rating on (GB:FGP) stock is a Hold with a £227.00 price target. To see the full list of analyst forecasts on Firstgroup stock, see the GB:FGP Stock Forecast page.
Spark’s Take on GB:FGP Stock
According to Spark, TipRanks’ AI Analyst, GB:FGP is a Neutral.
Firstgroup’s overall stock score is driven by solid financial performance and attractive valuation. The company’s strong cash flow and improved profitability are significant strengths. However, technical indicators suggest short-term bearish momentum, which tempers the overall score.
To see Spark’s full report on GB:FGP stock, click here.
More about Firstgroup
FirstGroup plc is a leading provider in the transportation industry, primarily offering services in bus and rail transport across the UK and North America. The company focuses on delivering reliable and sustainable transport solutions to meet the needs of its diverse customer base.
Average Trading Volume: 1,264,078
Technical Sentiment Signal: Buy
Current Market Cap: £1.17B
See more data about FGP stock on TipRanks’ Stock Analysis page.