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

FDM Group (LON:FDM – Free Report) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from GBX 160 to GBX 155 in a research report released on Tuesday morning,Digital Look reports. The brokerage currently has a buy rating on the stock.

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

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FDM Group Stock Down 1.8%

FDM stock opened at GBX 108.40 on Tuesday. The stock has a market capitalization of £118.53 million, a P/E ratio of 20.85 and a beta of 1.10. The company has a debt-to-equity ratio of 37.49, a quick ratio of 2.24 and a current ratio of 2.23. FDM Group has a one year low of GBX 94.50 and a one year high of GBX 165.80. The company has a 50 day moving average price of GBX 110.19 and a two-hundred day moving average price of GBX 119.49.

FDM Group (LON:FDM – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported GBX 3.80 earnings per share for the quarter. FDM Group had a return on equity of 4.84% and a net margin of 1.57%. As a group, sell-side analysts expect that FDM Group will post 3132.5302111 EPS for the current year.

Insider Activity at FDM Group

In related news, insider Roderick (Rod) Flavell bought 11,474 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average cost of GBX 118 per share, for a total transaction of £13,539.32. Also, insider Sheila Flavell purchased 7,848 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average cost of GBX 118 per share, with a total value of £9,260.64. Insiders acquired a total of 34,446 shares of company stock valued at $4,064,628 over the last three months. Insiders own 17.84% of the company’s stock.

FDM Group Company Profile

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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.

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