Foresight Group (LON:FSG) Stock Rating Reaffirmed as Buy by Berenberg Bank

Foresight Group (LON:FSG)‘s stock had its “buy” rating restated by Berenberg Bank in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 720 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 61.80% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 580 price objective on shares of Foresight Group in a research report on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on Foresight Group from GBX 675 to GBX 700 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Three 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 620.

Foresight Group Stock Performance

FSG stock opened at GBX 445 on Thursday. Foresight Group has a one year low of GBX 256.76 and a one year high of GBX 515. The firm has a market cap of £491.16 million, a PE ratio of 11.77 and a beta of 0.61. The firm’s 50 day moving average price is GBX 472.41 and its 200-day moving average price is GBX 438.23.

Insiders Place Their Bets

In related news, insider John Le Poidevin bought 19,875 shares of the stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of GBX 503 per share, with a total value of £99,971.25. 33.80% of the stock is currently owned by company 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.