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Foresight Group Holdings Ltd. ( (GB:FSG) ) has issued an announcement.
Foresight Group Holdings Limited has executed a share buyback program, purchasing 15,000 ordinary shares at a volume-weighted average price of 457.52 GBp per share. This move is part of a broader strategy to manage its capital structure, with 1,788,127 shares bought back under the program. Additionally, 1,000,000 shares were transferred from treasury to meet institutional investor demand, impacting the number of voting shares available, which now stands at 114,142,303. This transaction reflects Foresight’s ongoing efforts to optimize shareholder value and manage its equity base effectively.
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.
Foresight Group Holdings Limited, founded in 1984, is a prominent investment manager specializing in real assets and growth capital. Operating across the UK, Europe, and Australia, Foresight focuses on investment opportunities that drive energy transition, industry decarbonization, and nature recovery. As a FTSE 250 index constituent, the company offers a diverse range of private and public funds, aiming to build a sustainable future and support economic growth.
Average Trading Volume: 254,243
Technical Sentiment Signal: Buy
Current Market Cap: £518.9M
For an in-depth examination of FSG stock, go to TipRanks’ Overview page.