Foresight Group’s (FSG) Buy Rating Reaffirmed at Berenberg Bank

Foresight Group (LON:FSG)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a report issued on Thursday, Marketbeat reports. They presently have a GBX 720 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 61.80% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft lifted their price target on Foresight Group from GBX 675 to GBX 700 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 580 price objective on shares of Foresight Group in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Foresight Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 620.

Foresight Group Stock Performance

LON FSG traded up GBX 10.22 during trading hours on Thursday, hitting GBX 445. The company had a trading volume of 288,092 shares, compared to its average volume of 941,725. The firm has a 50 day simple moving average of GBX 472.83 and a 200 day simple moving average of GBX 437.67. Foresight Group has a 52 week low of GBX 256.76 and a 52 week high of GBX 515. The firm has a market capitalization of £491.16 million, a price-to-earnings ratio of 11.77 and a beta of 0.61.

Insider Activity

In other Foresight Group news, insider John Le Poidevin acquired 19,875 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average price of GBX 503 per share, with a total value of £99,971.25. Insiders own 33.80% of the company’s stock.

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.