FDM Group (LON:FDM) Hits New 1-Year Low - What's Next?

Key Points

• FDM Group hit a new 52-week low, trading as low as GBX 97 and last at GBX 98.81 on a volume of 376,523 shares.
• Analyst views are mixed after recent cuts—Stifel lowered its target to GBX 130 (hold) and Deutsche Bank to GBX 160 (buy)—with a consensus rating of Moderate Buy and a GBX 145 price target.
• Recent financials show GBX 10 earnings per share for the quarter, a market cap of £110.43m and a P/E of 19.42, with modest profitability (net margin 3.19% and ROE 10.20%).

FDM Group (Holdings) plc (LON:FDM - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 97 and last traded at GBX 98.81, with a volume of 376523 shares. The stock had previously closed at GBX 101.20.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FDM. Stifel Nicolaus lowered their target price on shares of FDM Group from GBX 174 to GBX 130 and set a "hold" rating for the company in a report on Thursday, March 19th. Shore Capital Group restated a "house stock" rating on shares of FDM Group in a report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of FDM Group from GBX 180 to GBX 160 and set a "buy" rating for the company in a report on Thursday, March 19th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 145.

FDM Group Stock Down 0.2%

The business's fifty day moving average is GBX 134.60 and its two-hundred day moving average is GBX 133.88. The company has a market cap of £110.43 million, a P/E ratio of 19.42 and a beta of 0.89. The company has a debt-to-equity ratio of 38.18, a quick ratio of 2.24 and a current ratio of 2.48.

FDM Group (LON:FDM - Get Free Report) last announced its quarterly earnings data on Wednesday, March 18th. The company reported GBX 10 earnings per share for the quarter. FDM Group had a net margin of 3.19% and a return on equity of 10.20%. Equities analysts predict that FDM Group will post 3132.5302111 EPS for the current 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.

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