Foresight Group Executes Share Buyback Program

The latest announcement is out from Foresight Group Holdings Ltd. ( (GB:FSG) ).

Foresight Group Holdings Limited has executed a share buyback program, purchasing 15,000 of its ordinary shares through Berenberg. This transaction is part of a larger buyback initiative, with 633,538 shares repurchased in total. The shares bought back will be held in treasury and will not have voting rights, impacting the total number of voting shares available to shareholders. This move is part of Foresight’s strategy to manage its share capital effectively and could influence shareholder calculations under the FCA’s rules.

The most recent analyst rating on (GB:FSG) stock is a Buy with a £550.00 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. displays strong financial fundamentals with robust revenue growth and profitability, a solid balance sheet, and a strategic share buyback program that enhances shareholder value. While the valuation metrics are attractive, short-term technical indicators suggest caution. Overall, the company is well-positioned for long-term growth, making it appealing to value investors despite potential short-term volatility.

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, operating across the UK, Europe, and Australia. The company focuses on investment opportunities in energy transition, decarbonization, nature recovery, and economic growth, offering a range of private and public funds and investment solutions for the retail market.

Average Trading Volume: 259,464

Technical Sentiment Signal: Sell

Current Market Cap: £421.2M

See more data about FSG stock on TipRanks’ Stock Analysis page.