Foresight Solar Fund Ltd (LON:FSFL) Downgraded by Macquarie to “Underperform”
Foresight Solar Fund Ltd (LON:FSFL) was downgraded by research analysts at Macquarie to an “underperform” rating in a note issued to investors on Wednesday. They presently have a GBX 93 ($1.20) price objective on the stock, up from their prior price objective of GBX 90 ($1.17). Macquarie’s price target would suggest a potential downside of 16.96% from the company’s current price.
Shares of Foresight Solar Fund (LON:FSFL) traded down 0.44% on Wednesday, reaching GBX 112.50. The company’s stock had a trading volume of 8,371 shares. The stock’s market capitalization is GBX 465.53 million. The company has a 50 day moving average of GBX 1.05 and a 200 day moving average of GBX 1.04. Foresight Solar Fund has a 1-year low of GBX 93.25 and a 1-year high of GBX 113.25.
The firm also recently disclosed a dividend, which will be paid on Friday, August 25th. Investors of record on Thursday, August 10th will be issued a dividend of GBX 1.58 ($0.02) per share. This represents a yield of 1.41%. The ex-dividend date of this dividend is Thursday, August 10th. This is a positive change from Foresight Solar Fund’s previous dividend of $1.55.
Foresight Solar Fund Company Profile
Foresight Solar Fund Limited is a closed-ended company. The Company seeks to provide investors with a sustainable and inflation-linked dividend together with the potential for capital growth over the long-term through investment in a diversified portfolio of predominantly United Kingdom ground-based solar assets.
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