FDM Group (LON:FDM) Given New GBX 160 Price Target at Deutsche Bank Aktiengesellschaft

FDM Group (LON:FDM) had its price objective cut by Deutsche Bank Aktiengesellschaft from GBX 180 to GBX 160 in a research report released on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the company. Stifel Nicolaus cut their target price on FDM Group from GBX 174 to GBX 130 and set a “hold” rating on the stock in a research note on Thursday. Shore Capital Group reaffirmed a “house stock” rating on shares of FDM Group in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 145.

FDM Group Stock Performance

Shares of LON FDM opened at GBX 115.80 on Thursday. The stock has a market capitalization of £126.61 million, a P/E ratio of 8.21 and a beta of 0.89. The firm’s 50-day moving average price is GBX 142.48 and its two-hundred day moving average price is GBX 135.24. FDM Group has a 52-week low of GBX 112 and a 52-week high of GBX 270. The company has a quick ratio of 2.24, a current ratio of 2.48 and a debt-to-equity ratio of 38.18.

FDM Group (LON:FDM) last announced its quarterly earnings results on Wednesday, March 18th. The company reported GBX 10 earnings per share (EPS) for the quarter. FDM Group had a return on equity of 10.20% and a net margin of 3.19%. As a group, sell-side analysts forecast that FDM Group will post 3132.5302111 earnings per share for the current year.

FDM Group Company Profile

FDM Group (Holdings) plc provides information technology (IT) services in the United Kingdom, North America, Europe, the Middle East, Africa, rest of Europe, and the Asia Pacific. It is involved in recruiting, training, and deploying its IT and business consultants to clients. The company was formerly known as Astra Topco Limited and changed its name to FDM Group (Holdings) plc. FDM Group (Holdings) plc was founded in 1991 and is based in London, the United Kingdom.