Foresight Group (LON:FSG) Earns Buy Rating from Berenberg Bank

Foresight Group (LON:FSG)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They currently have a GBX 720 target price on the stock. Berenberg Bank’s price target points to a potential upside of 61.80% from the company’s current price.

A number of other equities research analysts have also issued reports on FSG. Deutsche Bank Aktiengesellschaft increased their target price on Foresight Group from GBX 675 to GBX 700 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Jefferies Financial Group restated a “buy” rating and issued a GBX 580 price target on shares of Foresight Group in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 620.

Foresight Group Trading Up 2.4%

LON:FSG traded up GBX 10.22 during mid-day trading on Thursday, hitting GBX 445. The company had a trading volume of 288,092 shares, compared to its average volume of 941,725. The business has a fifty day simple moving average of GBX 472.41 and a 200-day simple moving average of GBX 437.72. The firm has a market capitalization of £491.16 million, a price-to-earnings ratio of 11.77 and a beta of 0.61. Foresight Group has a 1 year low of GBX 256.76 and a 1 year high of GBX 515.

Insiders Place Their Bets

In other Foresight Group news, insider John Le Poidevin acquired 19,875 shares of the stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of GBX 503 per share, for a total transaction of £99,971.25. 33.80% of the stock is currently owned by company insiders.

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.