Deutsche Bank Aktiengesellschaft Has Lowered Expectations for FDM Group (LON:FDM) Stock Price

FDM Group (LON:FDM) had its price target dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 180 to GBX 160 in a report issued on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 42.10% from the company’s current price.

Several other analysts have also recently issued reports on FDM. Shore Capital Group reissued a “house stock” rating on shares of FDM Group in a research report on Wednesday, January 28th. Stifel Nicolaus dropped their price objective on shares of FDM Group from GBX 174 to GBX 130 and set a “hold” rating for the company in a report on Thursday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 145.

FDM Group Price Performance

FDM stock opened at GBX 112.60 on Thursday. The business’s fifty day moving average price is GBX 142.15 and its 200 day moving average price is GBX 135.15. FDM Group has a 12-month low of GBX 112 and a 12-month high of GBX 270. 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 company has a market capitalization of £123.11 million, a PE ratio of 7.99 and a beta of 0.89.

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

About FDM Group

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.