Barclays PLC Reiterates Underweight Rating for Fidessa Group plc (FDSA)
Fidessa Group plc (LON:FDSA)‘s stock had its “underweight” rating reiterated by research analysts at Barclays PLC in a research note issued to investors on Monday. They currently have a GBX 1,860 ($23.02) target price on the stock. Barclays PLC’s price objective would indicate a potential downside of 22.56% from the company’s previous close.
Other research analysts also recently issued reports about the stock. FinnCap reissued a “sell” rating and set a GBX 1,700 ($21.04) price objective on shares of Fidessa Group plc in a research report on Monday, August 15th. Panmure Gordon raised their price objective on shares of Fidessa Group plc from GBX 1,758 ($21.76) to GBX 2,132 ($26.39) and gave the stock a “hold” rating in a research report on Monday, August 1st. Finally, Numis Securities Ltd downgraded shares of Fidessa Group plc to an “add” rating and raised their price objective for the stock from GBX 2,800 ($34.65) to GBX 2,870 ($35.52) in a research report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Fidessa Group plc presently has an average rating of “Hold” and an average price target of GBX 2,129.11 ($26.35).
Fidessa Group plc (LON:FDSA) opened at 2373.00 on Monday. The firm’s market cap is GBX 905.47 million. The firm has a 50 day moving average of GBX 2,461.49 and a 200-day moving average of GBX 2,382.81. Fidessa Group plc has a 12 month low of GBX 1,729.00 and a 12 month high of GBX 2,656.00.
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Fidessa Group plc Company Profile
Fidessa group plc is a United Kingdom-based holding company. The Company provides trading, investment and information solutions for the financial community. The Company operates in two segments: Sell-side and Buy-side. The Sell-side segment provides solutions and tools to support the trading of cash equities and derivatives across the world.
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