Deutsche Bank Aktiengesellschaft Cuts FDM Group (LON:FDM) Price Target to GBX 160

FDM Group (LON:FDM) had its price objective decreased by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 180 to GBX 160 in a research report issued on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 38.17% from the stock’s current price.

A number of other equities analysts have also recently commented on FDM. Stifel Nicolaus dropped their price objective 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. Shore Capital Group reaffirmed a “house stock” rating on shares of FDM Group in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 145.

FDM Group Stock Performance

Shares of LON:FDM traded down GBX 3.40 during mid-day trading on Thursday, reaching GBX 115.80. 1,682,624 shares of the company traded hands, compared to its average volume of 596,986. The company’s 50 day moving average price is GBX 142.77 and its 200-day moving average price is GBX 135.37. The firm has a market cap of £126.61 million, a PE ratio of 8.21 and a beta of 0.89. FDM Group has a 52 week low of GBX 112 and a 52 week high of GBX 270. The company has a debt-to-equity ratio of 35.94, a current ratio of 2.34 and a quick ratio of 2.24.

FDM Group (LON:FDM) last issued 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 7.21% and a return on equity of 24.53%. On average, equities analysts expect that FDM Group will post 3132.5302111 EPS for the current fiscal 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.