Foresight Group (LON:FSG) Sets New 52-Week High – Here’s Why

Foresight Group Holdings Limited (LON:FSG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 505 and last traded at GBX 504.70, with a volume of 26252 shares traded. The stock had previously closed at GBX 503.

Analyst Upgrades and Downgrades

FSG has been the topic of several recent research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 560 price target on shares of Foresight Group in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft increased their target price on Foresight Group from GBX 675 to GBX 700 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 554.

Foresight Group Stock Up 1.4%

The business has a 50-day simple moving average of GBX 453.86 and a two-hundred day simple moving average of GBX 419.17. The stock has a market capitalization of £558.45 million, a price-to-earnings ratio of 13.41 and a beta of 0.60.

Insider Activity

In related 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 purchased at an average price of GBX 503 per share, with a total value of £99,971.25. 33.77% of the stock is owned by 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.