Foresight Group (LON:FSG) Stock Price Down 0.3% – Should You Sell?

Foresight Group Holdings Limited (LON:FSG)’s stock price traded down 0.3% during trading on Wednesday. The company traded as low as GBX 436 and last traded at GBX 440.50. Approximately 216,254 shares traded hands during trading, a decline of 78% from the average session volume of 983,704 shares. The stock had previously closed at GBX 442.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FSG. Berenberg Bank reiterated a “buy” rating and set a GBX 560 target price on shares of Foresight Group in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Foresight Group from GBX 675 to GBX 700 and gave the company a “buy” rating in a report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 554.

Foresight Group Stock Up 1.1%

The firm’s 50 day simple moving average is GBX 479.39 and its 200 day simple moving average is GBX 433.35. The company has a market cap of £475.82 million, a price-to-earnings ratio of 11.39 and a beta of 0.61.

Insider Buying and Selling at Foresight Group

In related news, insider John Le Poidevin acquired 19,875 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of GBX 503 per share, for a total transaction of £99,971.25. 33.50% of the stock is currently owned by corporate insiders.

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.