Foresight Group (LON:FSG) Stock Price Down 2.4% – What’s Next?

Foresight Group Holdings Limited (LON:FSG)’s share price traded down 2.4% during trading on Tuesday . The company traded as low as GBX 478.50 and last traded at GBX 485.50. 348,383 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 1,037,902 shares. The stock had previously closed at GBX 497.50.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FSG shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Foresight Group from GBX 675 to GBX 700 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Berenberg Bank restated a “buy” rating and set a GBX 560 price target on shares of Foresight Group in a research note on Monday, June 29th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 554.

Foresight Group Stock Performance

The company’s fifty day moving average is GBX 475.56 and its two-hundred day moving average is GBX 427.41. The company has a market cap of £522.01 million, a price-to-earnings ratio of 12.54 and a beta of 0.60.

Insider Buying and Selling

In other Foresight Group news, insider John Le Poidevin acquired 19,875 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of GBX 503 per share, with a total value of £99,971.25. Insiders own 33.77% of the company’s stock.

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.

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.