Foresight Group (LON:FSG) Shares Up 0.7% – Should You Buy?

Foresight Group Holdings Limited (LON:FSG) shares rose 0.7% during trading on Thursday . The company traded as high as GBX 403.50 and last traded at GBX 400.38. Approximately 118,108 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,292,563 shares. The stock had previously closed at GBX 397.50.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 550 price target on shares of Foresight Group in a report on Thursday, April 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Foresight Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 517.50.

Foresight Group Trading Up 0.7%

The business has a 50-day moving average price of GBX 386.06 and a two-hundred day moving average price of GBX 420.93. The firm has a market capitalization of £455.03 million, a price-to-earnings ratio of 14.41 and a beta of 0.53.

Foresight Group Company Profile

Founded in 1984, Foresight is a leading investment manager in real assets and capital for growth, operating across UK, Europe, and Australia.

With decades of experience, Foresight offers investors access to attractive investment opportunities at the forefront of change. Foresight actively builds and grows investment solutions to support the energy transition, decarbonise industry, enhance nature recovery and realise the economic potential of ambitious companies.

A constituent of the FTSE 250 index, Foresight’s diversified investment strategies combine financial and operational skillsets to maximise asset value and provide attractive returns to its investors.