Foresight Group (LON:FSG) Shares Down 2.7% – Here’s What Happened

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 were traded 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 Analysts Forecast Growth

FSG has been the subject of a number of recent analyst reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 550 price objective on shares of Foresight Group in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft increased their target price on Foresight Group from GBX 675 to GBX 700 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 560 price target on shares of Foresight Group in a report on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Foresight Group has a consensus rating of “Moderate Buy” and an average target price of GBX 554.

Foresight Group Price Performance

The stock has a market cap of £526.98 million, a PE ratio of 12.58 and a beta of 0.60. The stock’s fifty day moving average is GBX 435.50 and its 200-day moving average is GBX 414.78.

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.