Foresight Group (LON:FSG) Shares Down 0.3% - Should You Sell?

Key Points

• Foresight Group Holdings Limited experienced a slight decline of 0.3%, with shares trading at GBX 459.50 ($6.22) amidst lower trading volume.
• Analyst Berenberg Bank reaffirmed a "buy" rating for the stock and set a target price of GBX 580, indicating a positive outlook.
• The company's market capitalization stands at £513.52 million with a notable P/E ratio of 1,641.07, suggesting high valuations relative to earnings.

Foresight Group Holdings Limited (LON:FSG - Get Free Report) was down 0.3% on Monday . The stock traded as low as GBX 455 ($6.12) and last traded at GBX 459.50 ($6.18). Approximately 172,315 shares changed hands during trading, a decline of 40% from the average daily volume of 286,100 shares. The stock had previously closed at GBX 461 ($6.20).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 580 price target on shares of Foresight Group in a report on Thursday, June 26th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Foresight Group currently has an average rating of "Buy" and a consensus target price of GBX 580.

Foresight Group Trading Up 0.2%

The stock has a 50 day moving average of GBX 454.85 and a 200-day moving average of GBX 402.07. The company has a market capitalization of £508.49 million, a P/E ratio of 1,625.00 and a beta of 0.44.

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.