Foresight Group (LON:FSG) Hits New 1-Year Low – What’s Next?

Shares of Foresight Group Holdings Limited (LON:FSG) reached a new 52-week low during trading on Tuesday . The stock 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.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. reiterated a “hold” rating and issued a GBX 480 price objective on shares of Foresight Group in a research note on Wednesday, December 3rd. Berenberg Bank decreased their target price on shares of Foresight Group from GBX 580 to GBX 560 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 506.67.

Foresight Group Stock Down 2.2%

The stock has a market cap of £404.27 million, a P/E ratio of 12.71 and a beta of 0.44. The firm’s 50-day moving average is GBX 411.21 and its two-hundred day moving average is GBX 437.68.

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.