Foresight Group (LON:FSG) Shares Down 0.1% - What's Next?

Key Points

• Foresight Group's share price fell by 0.1% to GBX 457 ($6.15), with trading volume decreasing by 63% compared to the average session.
• Berenberg Bank has reiterated a "buy" rating for Foresight Group and set a target price of GBX 580 ($7.80).
• The company, which specializes in real assets and capital for growth, has a market cap of £525.66 million and a PE ratio of 20.69.

Foresight Group Holdings Limited (LON:FSG - Get Free Report) shares fell 0.1% during mid-day trading on Friday . The company traded as low as GBX 453.50 ($6.09) and last traded at GBX 457 ($6.14). 108,810 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 297,950 shares. The stock had previously closed at GBX 457.50 ($6.15).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 580 ($7.79) price target on shares of Foresight Group in a research note on Thursday, June 26th.

Foresight Group Price Performance

The stock has a market cap of £527.39 million, a P/E ratio of 20.75 and a beta of 0.44. The business's 50 day simple moving average is GBX 434.08 and its 200 day simple moving average is GBX 393.31.

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.