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Foresight Group Holdings Ltd. ( (GB:FSG) ) just unveiled an announcement.
Foresight Group Holdings Limited has announced a share buyback program as part of its strategy to manage its capital structure. The company has repurchased 2,407 of its ordinary shares, which will be held in treasury and will not have voting rights. This move is part of a broader buyback program under which 2,084,498 shares have been repurchased, impacting the total number of voting shares available and potentially influencing shareholder calculations under FCA rules.
The most recent analyst rating on (GB:FSG) stock is a Buy with a £516.00 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 strong financial performance and strategic corporate actions like share buybacks. Technical indicators show positive momentum, although valuation metrics suggest the stock is fairly priced. The absence of recent earnings call data limits further insights.
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 growth, operating across the UK, Europe, and Australia. As a constituent of the FTSE 250 index, Foresight focuses on investment opportunities that drive energy transition, decarbonization, and nature recovery, aiming to build a sustainable future and grow thriving companies and economies.
Average Trading Volume: 321,454
Technical Sentiment Signal: Strong Buy
Current Market Cap: £530.8M
For detailed information about FSG stock, go to TipRanks’ Stock Analysis page.