Foresight Group (LON:FSG) Given “Buy” Rating at Berenberg Bank

Foresight Group (LON:FSG)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a note issued to investors on Thursday, October 8th, MarketBeat.com reports. They presently have a GBX 720 target price on the stock. Berenberg Bank’s price objective points to a potential upside of 61.46% from the company’s previous close.

Several other research firms 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 report on Wednesday, July 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 580 price objective on shares of Foresight Group in a report on Thursday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 620.

Foresight Group Trading Up 1.9%

LON:FSG traded up GBX 8.44 during trading hours on Thursday, reaching GBX 445.94. The company had a trading volume of 2,631,828 shares, compared to its average volume of 941,073. Foresight Group has a 52 week low of GBX 256.76 and a 52 week high of GBX 515. The firm has a market cap of £492.19 million, a price-to-earnings ratio of 11.80 and a beta of 0.61. The firm’s 50 day moving average price is GBX 469.66 and its 200-day moving average price is GBX 440.11.

Insider Activity at Foresight Group

In other Foresight Group news, insider John Le Poidevin acquired 19,875 shares of the stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of GBX 503 per share, for a total transaction of £99,971.25. 33.80% of the stock is owned by insiders.

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.