Foresight Group (LON:FSG) Shares Cross Above 50-Day Moving Average – Here’s Why

Foresight Group Holdings Limited (LON:FSG) shares crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 463.29 and traded as high as GBX 470. Foresight Group shares last traded at GBX 466.50, with a volume of 17,683,238 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Foresight Group from GBX 675 to GBX 700 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 580 target price on shares of Foresight Group in a report on Thursday, October 8th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 720 target price on shares of Foresight Group in a report on Thursday, October 8th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Foresight Group currently has an average rating of “Moderate Buy” and an average price target of GBX 620.

Foresight Group Stock Performance

The firm has a market cap of £514.89 million, a PE ratio of 12.34 and a beta of 0.61. The stock has a 50-day simple moving average of GBX 463.29 and a two-hundred day simple moving average of GBX 432.30.

Insider Activity at Foresight Group

In related news, insider John Le Poidevin acquired 19,875 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of GBX 503 per share, with a total value of £99,971.25. 33.80% of the stock is owned by corporate insiders.

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.