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Foresight Group Holdings Ltd. ( (GB:FSG) ) just unveiled an announcement.
Foresight Group Holdings Limited has executed a share buyback program, purchasing 4,374 of its ordinary shares through Berenberg. These shares will be held in treasury, reducing the number of voting shares to 114,875,443 out of a total of 116,347,803 shares in issue. This move is part of Foresight’s strategy to manage its share capital effectively, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
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 capital for growth, with operations in the UK, Europe, and Australia. Established in 1984, the company focuses on investment opportunities that drive energy transition, industry decarbonization, and nature recovery, while supporting ambitious companies. As a FTSE 250 index constituent, Foresight offers a diverse range of private and public funds, along with retail market investment solutions, all aimed at building a sustainable future.
Average Trading Volume: 317,714
Technical Sentiment Signal: Buy
Current Market Cap: £524M
Find detailed analytics on FSG stock on TipRanks’ Stock Analysis page.