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

Foresight Group Holdings Limited (LON:FSG)’s stock 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 traded 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 Ratings Changes

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

Foresight Group Trading Up 0.8%

The stock has a market cap of £487.45 million, a PE ratio of 15.20 and a beta of 0.44. The company’s 50 day moving average is GBX 446.44 and its 200-day moving average is GBX 450.32.

Insider Activity at Foresight Group

In other Foresight Group news, insider Geoffrey Gavey purchased 24,700 shares of Foresight Group stock in a transaction that occurred on Wednesday, December 3rd. The stock was purchased at an average price of GBX 405 per share, with a total value of £100,035. Company insiders own 32.54% of the company’s stock.

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.