Insider Buying: FDM Group (LON:FDM) Insider Buys £50,001.80 in Stock

FDM Group (Holdings) plc (LON:FDM) insider Michael (Mike) McLaren bought 43,105 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were purchased at an average cost of GBX 116 per share, with a total value of £50,001.80.

FDM Group Price Performance

Shares of LON FDM opened at GBX 112.95 on Friday. FDM Group has a twelve month low of GBX 94.50 and a twelve month high of GBX 251. The firm has a fifty day simple moving average of GBX 121.24 and a 200 day simple moving average of GBX 131.64. The company has a market capitalization of £123.49 million, a PE ratio of 21.72 and a beta of 1.06. 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 earnings results on Wednesday, March 18th. The company reported GBX 10 earnings per share for the quarter. FDM Group had a net margin of 3.19% and a return on equity of 10.20%. On average, sell-side analysts forecast that FDM Group will post 3132.5302111 EPS for the current year.

Wall Street Analysts Forecast Growth

FDM has been the subject of several research analyst reports. Stifel Nicolaus decreased their price target on shares of FDM Group from GBX 174 to GBX 130 and set a “hold” rating for the company in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of FDM Group from GBX 180 to GBX 160 and set a “buy” rating for the company in a research note on Thursday, March 19th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of FDM Group in a research note on Wednesday, January 28th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, FDM Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 145.

About FDM Group

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.