Berenberg Bank Reaffirms “Buy” Rating for Foresight Group (LON:FSG)

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

FSG has been the topic of a number of other reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 580 target price on shares of Foresight Group in a report on Thursday. Deutsche Bank Aktiengesellschaft boosted 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. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 620.

Foresight Group Price Performance

Shares of Foresight Group stock opened at GBX 445 on Thursday. Foresight Group has a 1-year low of GBX 256.76 and a 1-year high of GBX 515. The company’s fifty 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 PE ratio of 11.77 and a beta of 0.61.

Insider Activity at Foresight Group

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

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.