Foresight Group (LON:FSG) Trading Up 0.8% – What’s Next?

Foresight Group Holdings Limited (LON:FSG)’s share price traded up 0.8% during mid-day trading on Friday . The company traded as high as GBX 426 and last traded at GBX 425.50. 68,722 shares changed hands during trading, a decline of 85% from the average session volume of 468,553 shares. The stock had previously closed at GBX 422.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FSG shares. JPMorgan Chase & Co. reissued a “hold” rating and issued a GBX 480 price target on shares of Foresight Group in a research note on Wednesday, December 3rd. Berenberg Bank cut their price objective on shares of Foresight Group from GBX 580 to GBX 560 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 480 target price on shares of Foresight Group in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 506.67.

Foresight Group Stock Up 0.8%

The company’s 50-day moving average is GBX 446.44 and its 200-day moving average is GBX 450.65. The stock has a market capitalization of £487.45 million, a price-to-earnings ratio of 15.20 and a beta of 0.44.

Insider Activity

In other news, insider Geoffrey Gavey purchased 24,700 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was acquired at an average price of GBX 405 per share, for a total transaction of £100,035. 32.54% of the stock is owned by corporate insiders.

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.