Berenberg Bank Cuts Foresight Group (LON:FSG) Price Target to GBX 560

Foresight Group (LON:FSG) had its price target lowered by Berenberg Bank from GBX 580 to GBX 560 in a research report released on Tuesday, Marketbeat.com reports. The firm currently has a buy rating on the stock.

FSG has been the subject of several other research reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 480 price objective on shares of Foresight Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. restated a “hold” rating and set a GBX 480 price target on shares of Foresight Group in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 506.67.

Foresight Group Trading Up 1.4%

LON:FSG opened at GBX 408 on Tuesday. The company has a market cap of £467.40 million, a PE ratio of 14.57 and a beta of 0.44. The company has a 50 day simple moving average of GBX 464.31 and a two-hundred day simple moving average of GBX 447.44. Foresight Group has a 12 month low of GBX 296 and a 12 month high of GBX 494.

Insider Buying and Selling at Foresight Group

In related news, insider Geoffrey Gavey acquired 24,700 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was bought at an average cost of GBX 405 per share, for a total transaction of £100,035. 32.54% of the stock is currently owned by 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.