Foresight Group (LON:FSG) Sets New 52-Week Low - Here's What Happened

Key Points

• Foresight Group hit a new 52-week low, trading as low as GBX 256.76 and last at GBX 356 on Tuesday with 183,252 shares changing hands (previous close GBX 364).
• Analysts are mixed but show a consensus "Moderate Buy" rating with an average price target of GBX 506.67, after Berenberg trimmed its target to GBX 560 while JPMorgan maintained a GBX 480 hold.
• The company has a market cap of £404.27m and a P/E of 12.71, and its 50-day and 200-day moving averages (GBX 411.21 and GBX 437.68) remain well above the current share price, signaling recent weakness.

Foresight Group Holdings Limited (LON:FSG - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 256.76 and last traded at GBX 356, with a volume of 183252 shares traded. The stock had previously closed at GBX 364.

Analysts Set New Price Targets

FSG has been the subject of several analyst reports. Berenberg Bank reduced their target price on Foresight Group from GBX 580 to GBX 560 and set a "buy" rating for the company in a report on Tuesday, December 2nd. JPMorgan Chase & Co. restated a "hold" rating and set a GBX 480 price objective on shares of Foresight Group in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Foresight Group has an average rating of "Moderate Buy" and a consensus price target of GBX 506.67.

Foresight Group Price Performance

The firm has a market cap of £404.27 million, a PE ratio of 12.71 and a beta of 0.44. The business has a fifty day moving average price of GBX 411.21 and a two-hundred day moving average price of GBX 437.68.

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.

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