Foresight Solar’s (FSFL) Buy Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Foresight Solar (LON:FSFL) in a research report released on Tuesday morning, MarketBeat reports.

Foresight Solar Price Performance

Foresight Solar stock opened at GBX 77.05 ($0.98) on Tuesday. The stock has a market cap of £436.41 million, a P/E ratio of 69.36 and a beta of 0.27. The company has a fifty day simple moving average of GBX 73.78 and a 200-day simple moving average of GBX 82.95. The company has a current ratio of 1.84, a quick ratio of 121.68 and a debt-to-equity ratio of 0.03. Foresight Solar has a 12-month low of GBX 68 ($0.86) and a 12-month high of GBX 95.20 ($1.21).

Foresight Solar Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd will be issued a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a dividend yield of 2.48%. Foresight Solar’s payout ratio is currently 720.16%.

Insider Activity at Foresight Solar

In other news, insider Tony Roper bought 15,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of GBX 81 ($1.03) per share, for a total transaction of £12,150 ($15,395.34). 0.10% of the stock is currently owned by corporate insiders.

About Foresight Solar

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.