Foresight Group (LON:FSG) Trading Down 3% – Time to Sell?

Foresight Group Holdings Limited (LON:FSG) dropped 3% on Monday . The company traded as low as GBX 455.50 and last traded at GBX 461.50. Approximately 450,019 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 411,389 shares. The stock had previously closed at GBX 476.

Analyst Ratings Changes

Several research firms have recently weighed in on FSG. JPMorgan Chase & Co. reissued a “hold” rating and issued a GBX 480 price objective on shares of Foresight Group in a report on Wednesday. Peel Hunt reiterated a “buy” rating and issued a GBX 480 price target on shares of Foresight Group in a research report on Wednesday, October 8th. Finally, Berenberg Bank decreased their price target on shares of Foresight Group from GBX 580 to GBX 560 and set a “buy” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Foresight Group currently has an average rating of “Moderate Buy” and an average target price of GBX 506.67.

Foresight Group Stock Down 1.7%

The stock has a fifty day moving average price of GBX 465.55 and a 200-day moving average price of GBX 447.71. The firm has a market cap of £458.87 million, a price-to-earnings ratio of 14.38 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.