Foresight Group (LON:FSG) Shares Up 1.4% – Here’s What Happened

Foresight Group Holdings Limited (LON:FSG)’s share price shot up 1.4% on Friday . The stock traded as high as GBX 412.50 and last traded at GBX 411.50. 242,593 shares traded hands during trading, a decline of 58% from the average session volume of 580,678 shares. The stock had previously closed at GBX 406.

Analyst Ratings Changes

Several research analysts recently issued reports on FSG shares. Berenberg Bank dropped their price objective on Foresight Group from GBX 580 to GBX 560 and set a “buy” rating on the stock in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. reiterated a “hold” rating and issued a GBX 480 target price on shares of Foresight Group in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 506.67.

Foresight Group Stock Performance

The stock has a market capitalization of £468.77 million, a PE ratio of 14.70 and a beta of 0.44. The business has a 50 day moving average of GBX 425.76 and a two-hundred day moving average of GBX 449.33.

Insiders Place Their Bets

In other news, insider Geoffrey Gavey purchased 24,700 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were acquired at an average cost of GBX 405 per share, with a total value of £100,035. 32.71% 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.