Foresight Group (LON:FSG) Reaches New 52-Week High – Here’s What Happened

Foresight Group Holdings Limited (LON:FSG)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 494 and last traded at GBX 493, with a volume of 473587 shares traded. The stock had previously closed at GBX 480.51.

Analysts Set New Price Targets

FSG has been the topic of several research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 550 price target on shares of Foresight Group in a research note on Thursday, April 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Foresight Group from GBX 675 to GBX 700 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 560 price target on shares of Foresight Group in a research report on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 554.

Foresight Group Trading Down 0.6%

The firm has a market cap of £545.82 million, a P/E ratio of 13.03 and a beta of 0.60. The firm’s 50 day moving average is GBX 448.79 and its two-hundred day moving average is GBX 417.69.

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.