Foresight Group (LON:FSG) Stock Price Up 0.7% – What’s Next?

Foresight Group Holdings Limited (LON:FSG) was up 0.7% on Thursday . The stock traded as high as GBX 448 and last traded at GBX 440.77. Approximately 743,363 shares traded hands during trading, an increase of 97% from the average daily volume of 377,522 shares. The stock had previously closed at GBX 437.50.

Analyst Upgrades and Downgrades

FSG has been the subject of several research analyst reports. Berenberg Bank cut their price objective on Foresight Group from GBX 580 to GBX 560 and set a “buy” rating for the company in a report on Tuesday, December 2nd. Peel Hunt restated a “buy” rating and set a GBX 480 price target on shares of Foresight Group in a research note on Wednesday, October 8th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 506.67.

Foresight Group Stock Up 0.7%

The company has a fifty day simple moving average of GBX 434.56 and a 200-day simple moving average of GBX 453.39. The firm has a market cap of £504.74 million, a P/E ratio of 15.74 and a beta of 0.44.

Insider Activity

In other news, insider Geoffrey Gavey bought 24,700 shares of Foresight Group stock in a transaction that occurred on Wednesday, December 3rd. The stock was bought at an average cost 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.