Foresight Group’s (FSG) “Buy” Rating Reiterated at Berenberg Bank

Foresight Group (LON:FSG)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 720 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 61.80% from the company’s previous close.

Several other research firms have also recently commented on FSG. Deutsche Bank Aktiengesellschaft lifted their price target on Foresight Group from GBX 675 to GBX 700 and gave the company a “buy” rating in a report on Wednesday, July 1st. Jefferies Financial Group restated a “buy” rating and issued a GBX 580 price objective 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 company. Based on data from MarketBeat, Foresight Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 620.

Foresight Group Stock Performance

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

Insider Transactions at Foresight Group

In related news, insider John Le Poidevin acquired 19,875 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of GBX 503 per share, with a total value of £99,971.25. Corporate 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.