Foresight Group (LON:FSG) Stock Keeps Buy Rating at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Foresight Group (LON:FSG) in a research note published on Thursday morning, Marketbeat.com reports. The brokerage currently has a GBX 720 price target on the stock.

FSG has been the topic of a number of other research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 580 price target on shares of Foresight Group in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on Foresight Group from GBX 675 to GBX 700 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 620.

Foresight Group Stock Down 3.2%

FSG opened at GBX 434.78 on Thursday. Foresight Group has a twelve month low of GBX 256.76 and a twelve month high of GBX 515. The company has a fifty day moving average of GBX 472.83 and a 200-day moving average of GBX 437.67. The stock has a market cap of £479.87 million, a PE ratio of 11.50 and a beta of 0.61.

Insider Buying and Selling

In other news, insider John Le Poidevin bought 19,875 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of GBX 503 per share, with a total value of £99,971.25. 33.80% of the stock is owned by insiders.

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.