Foresight Group (LON:FSG) Hits New 1-Year High at $540.00

Shares of Foresight Group Holdings Limited (LON:FSG) reached a new 52-week high on Friday . The company traded as high as GBX 540 ($7.06) and last traded at GBX 540 ($7.06), with a volume of 19393 shares trading hands. The stock had previously closed at GBX 532 ($6.96).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 600 ($7.85) price target on shares of Foresight Group in a research report on Friday, June 28th.

Foresight Group Price Performance

The stock has a market capitalization of £620.26 million, a P/E ratio of 2,436.36 and a beta of 0.44. The company’s 50-day simple moving average is GBX 507.92 and its 200-day simple moving average is GBX 472.52.

Foresight Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 19th will be issued a GBX 15.50 ($0.20) dividend. This represents a dividend yield of 3.44%. This is a boost from Foresight Group’s previous dividend of $6.70. The ex-dividend date is Thursday, September 19th. Foresight Group’s dividend payout ratio is presently 14,090.91%.

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.