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

Foresight Group (LON:FSG)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a research report issued on Thursday, Marketbeat.com reports. They presently have a GBX 580 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 31.37% from the stock’s previous close.

Several other brokerages also recently commented on FSG. Deutsche Bank Aktiengesellschaft increased their target price on shares of Foresight Group from GBX 675 to GBX 700 and gave the company a “buy” rating in a report on Wednesday, July 1st. Berenberg Bank restated a “buy” rating and set a GBX 560 price target on shares of Foresight Group in a report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 620.

Foresight Group Price Performance

FSG opened at GBX 441.50 on Thursday. The company has a market capitalization of £487.29 million, a price-to-earnings ratio of 11.68 and a beta of 0.61. The firm’s fifty day moving average price is GBX 472.41 and its two-hundred day moving average price is GBX 438.23. Foresight Group has a 1 year low of GBX 256.76 and a 1 year high of GBX 515.

Insider Activity at Foresight Group

In other Foresight Group news, insider John Le Poidevin purchased 19,875 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of GBX 503 per share, for a total transaction of £99,971.25. Insiders own 33.80% of the company’s stock.

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.