FDM Group (LON:FDM) Price Target Cut to GBX 840

FDM Group (LON:FDM – Get Rating) had its target price decreased by Barclays from GBX 1,000 ($12.44) to GBX 840 ($10.45) in a report released on Monday morning, Digital Look reports. Barclays currently has an overweight rating on the stock.

Other equities research analysts have also issued research reports about the stock. Berenberg Bank reaffirmed a buy rating and set a GBX 1,250 ($15.55) target price on shares of FDM Group in a research note on Thursday, March 16th. Numis Securities cut shares of FDM Group to an add rating and set a GBX 1,000 ($12.44) price target for the company. in a research report on Wednesday, March 15th. Finally, Shore Capital reissued a house stock rating on shares of FDM Group in a research report on Tuesday, May 16th.

FDM Group Stock Performance

FDM Group stock opened at GBX 664 ($8.26) on Monday. The firm’s fifty day moving average price is GBX 698.75 and its 200-day moving average price is GBX 746.73. The company has a debt-to-equity ratio of 15.50, a quick ratio of 2.24 and a current ratio of 2.44. The stock has a market cap of £725.02 million, a P/E ratio of 2,075.00 and a beta of 1.11. FDM Group has a fifty-two week low of GBX 573 ($7.13) and a fifty-two week high of GBX 998 ($12.41).

FDM Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 8th will be given a GBX 19 ($0.24) dividend. This is a positive change from FDM Group’s previous dividend of $17.00. This represents a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, June 8th. FDM Group’s dividend payout ratio is presently 11,250.00%.

Insider Transactions at FDM Group

In related news, insider Michael (Mike) McLaren bought 58 shares of the stock in a transaction dated Monday, March 13th. The shares were purchased at an average price of GBX 852 ($10.60) per share, with a total value of £494.16 ($614.63). Insiders own 17.84% of the company’s stock.

About FDM Group

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FDM Group (Holdings) plc provides information technology (IT) services in the United Kingdom, North America, rest of Europe, the Middle East, Africa, and the Asia Pacific. It is involved in recruiting, training, and placing its own IT and business consultants across various technical and business disciplines, including development, testing, IT service management, project management office, data engineering, cloud computing, business analysis, business intelligence, cyber security, artificial intelligence, machine learning, and robotic process automation, as well as risk and regulation activities.