Panmure Liberum has raised its price target on Foresight Environmental Infrastructure (LSE:FGEN) to 92p from 73p, reiterating its 'buy' rating on the FTSE 250 environmental infrastructure investment company and flagging implied 12-month total shareholder return of 18%.
Analyst Shonil Chande argues that investor recognition of FGEN's differentiation is growing, citing cash yields comparable to core UK renewables peers, materially lower gearing, the resilience of baseload generation, and a growing revenue and life-extension opportunity within anaerobic digestion.
The revised target follows a 33% total shareholder return since the broker's December 2025 re-initiation note, which had already moved through the prior 73p target; the upgrade is driven primarily by progress on growth investments, with disclosure also improving materially through a May 2026 capital markets day; FGEN reported a 6.5% NAV total return for the year to 31 March, against a net asset value of £652.7 million as of September 2025.
The catalyst the analyst has flagged is continued progress within the growth portfolio, particularly within anaerobic digestion, where revenue and asset-life extension opportunities are described as expanding.
