Foresight Group (LON:FSG) Stock Price Up 2.7% – Still a Buy?

Shares of Foresight Group Holdings Limited (LON:FSG) rose 2.7% during trading on Friday . The stock traded as high as GBX 418 and last traded at GBX 418. Approximately 227,203 shares traded hands during trading, a decline of 81% from the average daily volume of 1,197,285 shares. The stock had previously closed at GBX 407.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 550 price target on shares of Foresight Group in a research note on Thursday, April 9th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 517.50.

Foresight Group Stock Up 2.7%

The firm has a market cap of £469.03 million, a price-to-earnings ratio of 14.93 and a beta of 0.59. The company’s fifty day moving average is GBX 388.06 and its 200 day moving average is GBX 415.32.

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.