Foresight Environmental Infra (LON:FGEN) Hits New 12-Month High – Time to Buy?

Foresight Environmental Infra (LON:FGEN) shares hit a new 52-week high on Friday . The company traded as high as GBX 89.50 and last traded at GBX 88.70, with a volume of 690058 shares. The stock had previously closed at GBX 87.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of Foresight Environmental Infra in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Foresight Environmental Infra Stock Up 2.0%

The stock has a market cap of £552.90 million, a PE ratio of 15.03 and a beta of 0.41. The business’s 50-day simple moving average is GBX 84.96 and its 200-day simple moving average is GBX 77.11.

Foresight Environmental Infra (LON:FGEN) last posted its earnings results on Thursday, June 18th. The company reported GBX 5.90 earnings per share for the quarter. Foresight Environmental Infra had a net margin of 95.30% and a return on equity of 5.68%.

About Foresight Environmental Infra

Foresight Environmental Infrastructure (FGEN) formerly known as JLEN. The Company’s investment policy is to invest in a diversified portfolio of Environmental Infrastructure. Environmental Infrastructure is defined by the Company as infrastructure assets, projects and asset-backed businesses that utilise natural or waste resources or support more environmentally friendly approaches to economic activity, support the transition to a low carbon economy or which mitigate the effects of climate change.