Berenberg Bank Reaffirms “Buy” Rating for Foresight Group (LON:FSG)

Foresight Group (LON:FSG)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued on Thursday, Marketbeat.com reports. They presently have a GBX 720 price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 63.45% from the company’s previous close.

A number of other brokerages have also commented on FSG. Deutsche Bank Aktiengesellschaft raised their target price on shares of Foresight Group from GBX 675 to GBX 700 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 580 price target on shares of Foresight Group in a report on Thursday. Three investment 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 has a consensus rating of “Moderate Buy” and a consensus price target of GBX 620.

Foresight Group Price Performance

Shares of FSG opened at GBX 440.50 on Thursday. The firm has a market capitalization of £486.19 million, a price-to-earnings ratio of 11.65 and a beta of 0.61. Foresight Group has a 1-year low of GBX 256.76 and a 1-year high of GBX 515. The company has a 50-day moving average of GBX 472.41 and a 200 day moving average of GBX 438.23.

Insiders Place Their Bets

In other Foresight Group news, insider John Le Poidevin acquired 19,875 shares of the stock in a transaction that occurred 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 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.