Foresight Group (LON:FSG) Stock Rating Reaffirmed as Buy by Berenberg Bank

Foresight Group (LON:FSG)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research report issued on Thursday, MarketBeat.com reports. They currently have a GBX 720 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 63.82% from the company’s previous close.

Several other equities research analysts have also recently weighed in on FSG. Deutsche Bank Aktiengesellschaft increased their price target on Foresight Group from GBX 675 to GBX 700 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 580 target price 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 620.

Foresight Group Trading Up 1.1%

Shares of FSG opened at GBX 439.50 on Thursday. The company has a market capitalization of £485.08 million, a PE ratio of 11.63 and a beta of 0.61. Foresight Group has a 12 month low of GBX 256.76 and a 12 month high of GBX 515. The stock’s 50-day moving average price is GBX 472.83 and its two-hundred day moving average price is GBX 437.67.

Insider Buying and Selling

In other Foresight Group news, insider John Le Poidevin purchased 19,875 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was purchased 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.