Fidessa Group (LON:FDSA) was downgraded by equities research analysts at Credit Suisse Group to an “underperform” rating in a note issued to investors on Monday, January 8th. They presently have a GBX 2,350 ($31.87) price target on the stock, up from their previous price target of GBX 2,300 ($31.19). Credit Suisse Group’s price target would suggest a potential downside of 4.28% from the stock’s current price.
FDSA has been the subject of several other reports. Numis Securities lowered Fidessa Group to an “add” rating and lowered their price target for the stock from GBX 2,860 ($38.78) to GBX 2,800 ($37.97) in a research report on Monday, December 18th. Stifel Nicolaus began coverage on Fidessa Group in a research report on Thursday, November 30th. They set a “sell” rating and a GBX 2,054 ($27.85) target price on the stock. Four analysts have rated the stock with a sell rating and one has given a hold rating to the company. The stock has an average rating of “Sell” and a consensus price target of GBX 2,178.80 ($29.55).
Shares of Fidessa Group (LON FDSA) traded down GBX 10 ($0.14) during mid-day trading on Monday, hitting GBX 2,455 ($33.29). The stock had a trading volume of 9,025 shares, compared to its average volume of 26,054. The firm has a market capitalization of $952.59 and a price-to-earnings ratio of 2,455.00. Fidessa Group has a fifty-two week low of GBX 2,020 ($27.39) and a fifty-two week high of GBX 2,675 ($36.28).
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Fidessa group plc is a United Kingdom-based holding company. The Company provides trading, investment and information solutions for the financial community. It is structured into two business units: Sell-side and Buy-side. The Sell-side business unit provides solutions and tools to support the trading of cash equities and derivatives across the globe.
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