Foresight Group (LON:FSG) Shares Up 0.7% – Should You Buy?

Shares of Foresight Group Holdings Limited (LON:FSG) shot up 0.7% during mid-day trading on Monday . The company traded as high as GBX 446.50 and last traded at GBX 435. 528,458 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 1,104,085 shares. The stock had previously closed at GBX 432.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 550 price target on shares of Foresight Group in a research report on Thursday, April 9th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Foresight Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 517.50.

Foresight Group Stock Performance

The company has a market capitalization of £485.17 million, a PE ratio of 15.54 and a beta of 0.61. The stock’s fifty day simple moving average is GBX 408.61 and its 200-day simple moving average is GBX 410.77.

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.