Foresight Group (LON:FSG) Trading Down 2.7% – Time to Sell?

Shares of Foresight Group Holdings Limited (LON:FSG) traded down 2.7% during trading on Wednesday . The stock traded as low as GBX 469.44 and last traded at GBX 475.50. 264,933 shares traded hands during trading, a decline of 74% from the average session volume of 1,024,086 shares. The stock had previously closed at GBX 488.50.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FSG shares. Deutsche Bank Aktiengesellschaft raised their target price on Foresight Group from GBX 675 to GBX 700 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 560 price target on shares of Foresight Group in a research note on Monday, June 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 550 price target on shares of Foresight Group in a report on Thursday, April 9th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 554.

Foresight Group Stock Down 2.7%

The business’s 50-day simple moving average is GBX 435.50 and its two-hundred day simple moving average is GBX 414.78. The firm has a market capitalization of £526.98 million, a price-to-earnings ratio of 12.58 and a beta of 0.60.

About Foresight Group

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.

A constituent of the FTSE 250 index, Foresight’s diversified investment strategies combine financial and operational skillsets to maximise asset value and provide attractive returns to its investors.