Foresight Group (LON:FSG) Trading 0.7% Higher – Here’s What Happened

Foresight Group Holdings Limited (LON:FSG) rose 0.7% during mid-day trading on Thursday . The company traded as high as GBX 448 and last traded at GBX 440.77. Approximately 743,363 shares changed 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.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FSG shares. Berenberg Bank dropped their target price on Foresight Group from GBX 580 to GBX 560 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Peel Hunt reiterated a “buy” rating and issued a GBX 480 price objective on shares of Foresight Group in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a GBX 480 price objective on shares of Foresight Group in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Foresight Group presently has an average rating of “Moderate Buy” and an average target price of GBX 506.67.

Foresight Group Price Performance

The company has a 50-day simple moving average of GBX 433.90 and a 200-day simple moving average of GBX 453.31. The stock has a market cap of £501.57 million, a PE ratio of 15.64 and a beta of 0.44.

Insiders Place Their Bets

In related news, insider Geoffrey Gavey bought 24,700 shares of the stock in a transaction on Wednesday, December 3rd. The shares were bought at an average cost of GBX 405 per share, for a total transaction of £100,035. 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.