Foresight Group Holdings Limited (LON:FSG – Get Free Report) shares fell 1.4% during mid-day trading on Wednesday . The stock traded as low as GBX 493.97 ($6.39) and last traded at GBX 495 ($6.40). 125,020 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 135,897 shares. The stock had previously closed at GBX 502 ($6.49).
Wall Street Analysts Forecast Growth
FSG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 600 ($7.76) price objective on shares of Foresight Group in a report on Friday, June 28th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 560 ($7.24) price objective on shares of Foresight Group in a research note on Thursday, April 11th.
Check Out Our Latest Research Report on FSG
Foresight Group Price Performance
Foresight Group Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, October 4th. Shareholders of record on Thursday, September 19th will be paid a GBX 15.50 ($0.20) dividend. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 3.44%. This is a positive change from Foresight Group’s previous dividend of $6.70. Foresight Group’s dividend payout ratio (DPR) is presently 10,476.19%.
About Foresight Group
Foresight Group Holdings Limited operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia. It operates through Infrastructure, Private Equity, and Foresight Capital Management segments. The company involved in the provision of the management of infrastructure assets, private equity investments, and open-ended investment companies for institutional and retail investors.
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