Foresight Group (LON:FSG) Trading Up 1.4% – Time to Buy?

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

Wall Street Analyst Weigh In

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

Foresight Group Trading Up 1.4%

The firm has a market cap of £468.77 million, a price-to-earnings ratio of 14.70 and a beta of 0.44. The company has a fifty day moving average price of GBX 425.76 and a 200-day moving average price of GBX 449.33.

Insider Buying and Selling

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

Foresight Group Company Profile

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.