Foresight Group (LON:FSG) Trading Down 0.9% - Here's Why

Key Points

• Foresight Group Holdings Limited (LON:FSG) experienced a 0.9% decline in stock price, closing at GBX 460.34 ($6.17), with a trading volume drop of 31% from its average.
• Analysts have a generally positive outlook, with Berenberg Bank and Peel Hunt reaffirming "buy" ratings and target prices of GBX 580 and GBX 480 respectively.
• The company's market capitalization stands at £526.10 million with a notable PE ratio of 1,644.07, indicating high valuation compared to earnings.

Foresight Group Holdings Limited (LON:FSG - Get Free Report) dropped 0.9% on Wednesday . The company traded as low as GBX 459 ($6.15) and last traded at GBX 460.34 ($6.17). Approximately 237,385 shares were traded during trading, a decline of 31% from the average daily volume of 341,707 shares. The stock had previously closed at GBX 464.50 ($6.23).

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Berenberg Bank reaffirmed a "buy" rating and set a GBX 580 target price on shares of Foresight Group in a research note on Wednesday, October 8th. Peel Hunt reaffirmed a "buy" rating and set a GBX 480 price objective on shares of Foresight Group in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of GBX 530.

Foresight Group Price Performance

The firm has a market cap of £526.10 million, a PE ratio of 1,644.07 and a beta of 0.44. The company's 50 day moving average price is GBX 464.70 and its 200 day moving average price is GBX 420.99.

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.

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