Foresight Group’s (FSG) Buy Rating Reiterated at Jefferies Financial Group

Foresight Group (LON:FSG)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a GBX 580 price target on the stock. Jefferies Financial Group’s target price suggests a potential upside of 30.34% from the stock’s previous close.

Several other brokerages have also recently weighed in on FSG. Deutsche Bank Aktiengesellschaft upped their price target on Foresight Group from GBX 675 to GBX 700 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Berenberg Bank reissued a “buy” rating and issued a GBX 560 price target on shares of Foresight Group in a report on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Foresight Group currently has an average rating of “Moderate Buy” and an average price target of GBX 620.

Foresight Group Stock Performance

Shares of FSG opened at GBX 445 on Thursday. Foresight Group has a 52-week low of GBX 256.76 and a 52-week high of GBX 515. The stock’s 50-day simple moving average is GBX 472.41 and its 200 day simple moving average is GBX 437.72. The stock has a market capitalization of £491.16 million, a price-to-earnings ratio of 11.77 and a beta of 0.61.

Insider Buying and Selling at Foresight Group

In related news, insider John Le Poidevin acquired 19,875 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of GBX 503 per share, for a total transaction of £99,971.25. Company insiders own 33.80% of the company’s stock.

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.