Foresight Group’s (FSG) Buy Rating Reiterated at Jefferies Financial Group

Foresight Group (LON:FSG)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a report released on Thursday, October 8th, Marketbeat.com reports. They currently have a GBX 580 target price on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 30.06% from the stock’s current price.

Several other research firms also recently commented on FSG. Deutsche Bank Aktiengesellschaft raised their price objective on Foresight Group from GBX 675 to GBX 700 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Berenberg Bank reiterated a “buy” rating and set a GBX 560 target price on shares of Foresight Group in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Foresight Group presently has an average rating of “Moderate Buy” and an average price target of GBX 620.

Foresight Group Stock Up 1.9%

Shares of Foresight Group stock traded up GBX 8.44 during trading hours on Thursday, reaching GBX 445.94. 2,631,828 shares of the stock traded hands, compared to its average volume of 941,073. The company has a 50 day moving average price of GBX 469.66 and a 200 day moving average price of GBX 440.11. The firm has a market capitalization of £492.19 million, a price-to-earnings ratio of 11.80 and a beta of 0.61. Foresight Group has a one year low of GBX 256.76 and a one year high of GBX 515.

Insider Transactions at Foresight Group

In other news, insider John Le Poidevin acquired 19,875 shares of the company’s stock in a transaction 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. 33.80% of the stock is currently owned by corporate 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.