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Foresight Group Holdings Ltd. ( (GB:FSG) ) has provided an announcement.
Foresight Group Holdings Limited has executed a share buyback program, purchasing 2,147 of its ordinary shares through Berenberg. The shares will be held in treasury, reducing the number of voting shares to 114,933,153 out of 116,347,803 total shares. This move is part of Foresight’s strategy to manage its capital structure and potentially enhance shareholder value, aligning with its broader investment and growth objectives.
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 is a leading investment manager specializing in real assets and growth capital, with operations across the UK, Europe, and Australia. The company focuses on investment opportunities that support energy transition, decarbonization, nature recovery, and economic growth, offering a range of private and public funds and retail market investment solutions. Foresight is part of the FTSE 250 index and is committed to building a sustainable future.
Average Trading Volume: 297,679
Technical Sentiment Signal: Strong Buy
Current Market Cap: £561.1M
Learn more about FSG stock on TipRanks’ Stock Analysis page.