Deutsche Bank Aktiengesellschaft Lowers FDM Group (LON:FDM) Price Target to GBX 145

Key Points

• Deutsche Bank Aktiengesellschaft has lowered its price target for FDM Group from GBX 275 to GBX 145, maintaining a "hold" rating on the stock which indicates a potential upside of 19.24% from its current price.
• FDM Group's current share price is GBX 121.60, with a 50-day simple moving average of GBX 199.70 and a 200-day moving average of GBX 223.07, reflecting considerable volatility.
• Insider trading activity revealed that company insiders have sold a total of 40,514 shares valued at approximately $9.15 million in recent months, while acquiring only 1,342 shares worth $299,218.

FDM Group (LON:FDM - Get Free Report) had its price objective dropped by Deutsche Bank Aktiengesellschaft from GBX 275 ($3.70) to GBX 145 ($1.95) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 16.94% from the company's current price.

Separately, Shore Capital reiterated a "house stock" rating on shares of FDM Group in a research report on Wednesday, July 30th.

FDM Group Stock Performance

Shares of LON FDM traded up GBX 0.60 ($0.01) during midday trading on Thursday, hitting GBX 124 ($1.67). 3,008,751 shares of the company's stock traded hands, compared to its average volume of 592,066. FDM Group has a 1 year low of GBX 117.60 ($1.58) and a 1 year high of GBX 443.50 ($5.97). The stock has a market capitalization of £135.37 million, a price-to-earnings ratio of 4.45 and a beta of 0.97. The company has a debt-to-equity ratio of 28.75, a quick ratio of 2.24 and a current ratio of 2.31. The firm has a fifty day moving average of GBX 197.64 and a 200 day moving average of GBX 221.83.

FDM Group (LON:FDM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported GBX 6.30 ($0.08) earnings per share (EPS) for the quarter. FDM Group had a return on equity of 42.26% and a net margin of 10.34%. On average, analysts forecast that FDM Group will post 3132.5302111 earnings per share for the current year.

Insider Activity

In other FDM Group news, insider Sheila Flavell sold 13,116 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of GBX 226 ($3.04), for a total transaction of £29,642.16 ($39,868.41). Also, insider Michael (Mike) McLaren sold 13,699 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of GBX 226 ($3.04), for a total transaction of £30,959.74 ($41,640.54). Over the last 90 days, insiders purchased 2,531 shares of company stock worth $449,032 and sold 40,514 shares worth $9,156,164. Company insiders own 17.79% of the company's stock.

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.