Insider Buying: FDM Group (LON:FDM) Insider Buys 7,562 Shares of Stock

FDM Group (Holdings) plc (LON:FDM) insider Andrew (Andy) Brown bought 7,562 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average cost of GBX 118 per share, for a total transaction of £8,923.16.

FDM Group Stock Down 6.1%

Shares of LON FDM traded down GBX 7.20 during mid-day trading on Tuesday, reaching GBX 110.80. The company had a trading volume of 149,056 shares, compared to its average volume of 604,295. The company has a current ratio of 2.48, a quick ratio of 2.24 and a debt-to-equity ratio of 38.18. The firm has a 50 day simple moving average of GBX 107.22 and a two-hundred day simple moving average of GBX 127.86. The stock has a market cap of £121.15 million, a P/E ratio of 21.31 and a beta of 1.06. FDM Group has a 52-week low of GBX 94.50 and a 52-week high of GBX 232.

FDM Group (LON:FDM) last posted its earnings results on Wednesday, March 18th. The company reported GBX 10 EPS for the quarter. FDM Group had a net margin of 3.19% and a return on equity of 10.20%. Sell-side analysts predict that FDM Group will post 3132.5302111 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on FDM. Stifel Nicolaus lowered their price objective on shares of FDM Group from GBX 174 to GBX 130 and set a “hold” rating on the stock in a research report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of FDM Group from GBX 180 to GBX 160 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Finally, Shore Capital Group reissued a “house stock” rating on shares of FDM Group in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. 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 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.