Foresight Group (LON:FSG) Shares Cross Above 50-Day Moving Average – What’s Next?

Shares of Foresight Group Holdings Limited (LON:FSG) passed 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.

Wall Street Analyst Weigh In

FSG has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 580 price objective on shares of Foresight Group in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Foresight Group from GBX 675 to GBX 700 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 720 target price on shares of Foresight Group in a research note on Thursday, October 8th. Three equities research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 620.

Foresight Group Trading Down 0.1%

The stock has a 50-day simple moving average of GBX 461.52 and a two-hundred day simple moving average of GBX 432.81. The firm has a market capitalization of £519.30 million, a P/E ratio of 12.45 and a beta of 0.61.

Insider Activity

In other news, insider John Le Poidevin purchased 19,875 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of GBX 503 per share, for a total transaction of £99,971.25. Insiders own 33.80% of the company’s stock.

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.