Foresight Group (LON:FSG) Reaches New 12-Month High – Here’s Why

Foresight Group Holdings Limited (LON:FSG)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 494 and last traded at GBX 493, with a volume of 473587 shares trading hands. The stock had previously closed at GBX 480.51.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FSG. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Foresight Group from GBX 675 to GBX 700 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 560 price target on shares of Foresight Group in a report on Monday, June 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 550 target price on shares of Foresight Group in a research note on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 554.

Foresight Group Stock Performance

The firm has a market capitalization of £546.38 million, a PE ratio of 13.04 and a beta of 0.60. The company’s fifty day moving average price is GBX 445.89 and its two-hundred day moving average price is GBX 417.

About Foresight Group

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.