Jefferies Financial Group Reaffirms “Buy” Rating for Foresight Group (LON:FSG)

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

Other equities analysts also recently issued reports about the stock. Berenberg Bank reissued a “buy” rating and set a GBX 560 price target on shares of Foresight Group in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Foresight Group from GBX 675 to GBX 700 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 620.

Foresight Group Price Performance

Shares of Foresight Group stock traded up GBX 10.22 during midday trading on Thursday, hitting GBX 445. 288,092 shares of the company were exchanged, compared to its average volume of 941,725. The firm has a market cap of £491.16 million, a P/E ratio of 11.77 and a beta of 0.61. The firm has a 50 day simple moving average of GBX 472.41 and a 200-day simple moving average of GBX 437.72. Foresight Group has a 52 week low of GBX 256.76 and a 52 week high of GBX 515.

Insider Activity at Foresight Group

In other Foresight Group news, insider John Le Poidevin bought 19,875 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of GBX 503 per share, for a total transaction 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.