Foresight Group (LON:FSG) Shares Down 1.8% – Here’s What Happened

Foresight Group Holdings Limited (LON:FSG) shares traded down 1.8% during mid-day trading on Monday . The company traded as low as GBX 382 and last traded at GBX 385.50. 2,146,493 shares traded hands during mid-day trading, an increase of 274% from the average session volume of 574,068 shares. The stock had previously closed at GBX 392.50.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FSG. Berenberg Bank reduced their target price on shares of Foresight Group from GBX 580 to GBX 560 and set a “buy” rating on the stock in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. reissued a “hold” rating and issued a GBX 480 price target on shares of Foresight Group in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 506.67.

Foresight Group Stock Up 0.5%

The stock has a 50-day simple moving average of GBX 421.73 and a 200 day simple moving average of GBX 443.42. The company has a market cap of £437.77 million, a PE ratio of 13.77 and a beta of 0.44.

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.