Foresight Group (LON:FSG) Trading Down 3% – What’s Next?

Foresight Group Holdings Limited (LON:FSG)’s stock price traded down 3% during mid-day trading on Monday . The company traded as low as GBX 455.50 and last traded at GBX 461.50. 450,019 shares traded hands during trading, an increase of 9% from the average session volume of 411,389 shares. The stock had previously closed at GBX 476.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FSG shares. Peel Hunt reiterated a “buy” rating and issued a GBX 480 price objective on shares of Foresight Group in a report on Wednesday, October 8th. Berenberg Bank restated a “buy” rating and set a GBX 580 target price on shares of Foresight Group in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 530.

Foresight Group Trading Down 3.0%

The company has a market cap of £526.14 million, a PE ratio of 16.48 and a beta of 0.44. The stock has a 50 day moving average price of GBX 468.02 and a 200 day moving average price of GBX 447.96.

Foresight Group Company Profile

Founded in 1984, Foresight is a leading investment manager in real assets and capital for growth, operating across UK, Europe, and Australia.

With decades of experience, Foresight offers investors access to attractive investment opportunities at the forefront of change. Foresight actively builds and grows investment solutions to support the energy transition, decarbonise industry, enhance nature recovery and realise the economic potential of ambitious companies.