Jefferies Financial Group Reiterates Buy Rating for Foresight Group (LON:FSG)

Jefferies Financial Group reaffirmed their buy rating on shares of Foresight Group (LON:FSG) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 560 ($7.09) price objective on the stock.

Foresight Group Stock Performance

LON FSG opened at GBX 479 ($6.06) on Thursday. The business has a fifty day moving average price of GBX 444.42 and a 200 day moving average price of GBX 420.08. Foresight Group has a one year low of GBX 330 ($4.18) and a one year high of GBX 506 ($6.40). The company has a market cap of £555.78 million, a P/E ratio of 2,280.95 and a beta of 0.40.

Foresight Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 26th. Investors of record on Thursday, January 11th were paid a GBX 6.70 ($0.08) dividend. This represents a yield of 1.66%. The ex-dividend date of this dividend was Thursday, January 11th. Foresight Group’s dividend payout ratio is currently 10,476.19%.

Foresight Group Company Profile

Foresight Group Holdings Limited operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia. It operates through Infrastructure, Private Equity, and Foresight Capital Management segments. The company involved in the provision of the management of infrastructure assets, private equity investments, and open-ended investment companies for institutional and retail investors.