Deutsche Bank Aktiengesellschaft Lowers FDM Group (LON:FDM) Price Target to GBX 155

FDM Group (LON:FDM) had its price target reduced by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 160 to GBX 155 in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 36.93% from the company’s previous close.

Separately, Shore Capital Group reissued a “house stock” rating on shares of FDM Group in a research note on Monday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 142.50.

FDM Group Stock Performance

FDM stock opened at GBX 113.20 on Tuesday. FDM Group has a twelve month low of GBX 94.50 and a twelve month high of GBX 165.80. The company has a quick ratio of 2.24, a current ratio of 2.48 and a debt-to-equity ratio of 38.18. The company has a market cap of £123.78 million, a P/E ratio of 21.77 and a beta of 1.11. The business’s fifty day moving average is GBX 110.21 and its 200-day moving average is GBX 120.01.

FDM Group (LON:FDM) last announced its quarterly earnings data on Monday, August 3rd. The company reported GBX 3.80 EPS for the quarter. FDM Group had a return on equity of 10.20% and a net margin of 3.19%. Equities research analysts forecast that FDM Group will post 3132.5302111 EPS for the current year.

Insiders Place Their Bets

In other FDM Group news, insider Michael (Mike) McLaren bought 7,562 shares of FDM Group stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average cost of GBX 118 per share, for a total transaction of £8,923.16. Also, insider Roderick (Rod) Flavell bought 11,474 shares of FDM Group stock in a transaction on Tuesday, June 2nd. The shares were acquired at an average price of GBX 118 per share, for a total transaction of £13,539.32. Over the last quarter, insiders acquired 34,446 shares of company stock worth $4,064,628. 17.84% of the stock is owned by corporate insiders.

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.