JPMorgan Chase & Co. Reiterates “Hold” Rating for Foresight Group (LON:FSG)

Foresight Group (LON:FSG)‘s stock had its “hold” rating restated by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a GBX 480 price target on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 17.65% from the company’s previous close.

A number of other equities research analysts have also weighed in on FSG. Peel Hunt reiterated a “buy” rating and set a GBX 480 price objective on shares of Foresight Group in a report on Wednesday, October 8th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 580 target price on shares of Foresight Group in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 506.67.

Foresight Group Trading Up 1.4%

Shares of FSG opened at GBX 408 on Wednesday. The firm has a market capitalization of £467.40 million, a P/E ratio of 14.57 and a beta of 0.44. Foresight Group has a 12-month low of GBX 296 and a 12-month high of GBX 494. The firm has a fifty day moving average price of GBX 464.31 and a 200-day moving average price of GBX 447.44.

Insider Buying and Selling

In related news, insider Geoffrey Gavey bought 24,700 shares of the stock in a transaction on Wednesday, December 3rd. The stock was bought at an average price of GBX 405 per share, for a total transaction of £100,035. 32.54% of the stock is 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.