Jefferies Financial Group Reiterates Buy Rating for Foresight Group (LON:FSG)

Jefferies Financial Group reissued their buy rating on shares of Foresight Group (LON:FSG) in a research report report published on Thursday morning, Marketbeat Ratings reports. The firm currently has a GBX 560 ($7.09) target price on the stock.

Foresight Group Trading Up 2.8 %

FSG stock opened at GBX 479 ($6.06) on Thursday. The stock has a 50-day moving average price of GBX 444.42 and a two-hundred day moving average price of GBX 420.08. Foresight Group has a 12-month low of GBX 330 ($4.18) and a 12-month high of GBX 506 ($6.40). The company has a market cap of £555.78 million, a PE ratio of 2,280.95 and a beta of 0.40.

Foresight Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 26th. Shareholders of record on Thursday, January 11th were given a dividend of GBX 6.70 ($0.08) per share. This represents a yield of 1.66%. The ex-dividend date was Thursday, January 11th. Foresight Group’s dividend payout ratio (DPR) is presently 10,476.19%.

About Foresight Group

Foresight Group Holdings Limited operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia. It operates through Infrastructure, Private Equity, and Foresight Capital Management segments. The company involved in the provision of the management of infrastructure assets, private equity investments, and open-ended investment companies for institutional and retail investors.