Foresight Solar (LON:FSFL) Receives “Buy” Rating from Jefferies Financial Group

Foresight Solar (LON:FSFL)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a research note issued on Tuesday,Digital Look reports.

Foresight Solar Trading Down 0.6 %

LON FSFL traded down GBX 0.50 ($0.01) on Tuesday, hitting GBX 77.20 ($0.97). 950,213 shares of the stock were exchanged, compared to its average volume of 1,350,358. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 121.68. Foresight Solar has a 52-week low of GBX 68 ($0.86) and a 52-week high of GBX 95.20 ($1.20). The company’s 50-day moving average price is GBX 73.92 and its two-hundred day moving average price is GBX 83.11. The company has a market capitalization of £437.26 million, a price-to-earnings ratio of 69.50 and a beta of 0.27.

Insider Activity

In other news, insider Christopher Ambler acquired 18,567 shares of Foresight Solar stock in a transaction on Friday, November 22nd. The shares were purchased at an average price of GBX 81 ($1.02) per share, with a total value of £15,039.27 ($18,974.60). Also, insider Tony Roper purchased 15,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was bought at an average cost of GBX 81 ($1.02) per share, for a total transaction of £12,150 ($15,329.30). Corporate insiders own 0.10% of the company’s stock.

Foresight Solar Company Profile

Foresight Solar Fund Limited (“FSFL”) is a Jersey-registered, closed-end investment company investing in a diversified portfolio of ground-based solar PV and battery storage assets in the UK and internationally. The Company aims to deliver sustainable investment returns alongside strong environmental, social and governance (“ESG”) benefits.