FDM Group (LON:FDM) Sets New 12-Month Low Following Analyst Downgrade

FDM Group (Holdings) plc (LON:FDM) shares reached a new 52-week low during mid-day trading on Friday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 180 to GBX 160. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. FDM Group traded as low as GBX 112.20 and last traded at GBX 112.60, with a volume of 2361150 shares trading hands. The stock had previously closed at GBX 116.

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

FDM Group Stock Down 2.9%

The firm’s 50-day simple moving average is GBX 142.48 and its 200-day simple moving average is GBX 135.24. The company has a market capitalization of £123.11 million, a price-to-earnings ratio of 7.99 and a beta of 0.89. The company has a debt-to-equity ratio of 38.18, a quick ratio of 2.24 and a current ratio of 2.48.

FDM Group (LON:FDM) last released 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%. Sell-side analysts forecast that FDM Group will post 3132.5302111 earnings per share for the current year.

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.