Foresight Group (LON:FSG) Shares Down 2.7% – Should You Sell?

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

Analyst Ratings Changes

Several brokerages have recently weighed in on FSG. Deutsche Bank Aktiengesellschaft increased their target price on shares of Foresight Group from GBX 675 to GBX 700 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Berenberg Bank reaffirmed a “buy” rating and set 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 554.

Foresight Group Stock Performance

The stock has a fifty day moving average of GBX 436.53 and a 200-day moving average of GBX 415.04. The company has a market cap of £526.98 million, a PE ratio of 12.58 and a beta of 0.60.

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.

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.