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

FDM Group (Holdings) plc (LON:FDM) hit a new 52-week low 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.

A number of other brokerages have also issued reports on FDM. Shore Capital Group reissued a “house stock” rating on shares of FDM Group in a report on Wednesday, January 28th. 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 research report on Thursday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 145.

FDM Group Stock Performance

The stock has a market cap of £123.11 million, a price-to-earnings ratio of 7.99 and a beta of 0.89. The company’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 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 issued its quarterly earnings results on Wednesday, March 18th. The company reported GBX 10 earnings per share for the quarter. FDM Group had a return on equity of 10.20% and a net margin of 3.19%. Analysts predict 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.