FDM Group (LON:FDM – Get Rating) stock was again given a “buy” rating by equity researchers at Berenberg Bank in a research note issued to investors on Thursday, reports Marketbeat.com. They currently have a price target of GBX 1,250 ($15.23) on the stock. Berenberg Bank’s price target would indicate a potential upside of 57.23% from the stock’s previous close.
A number of other equity analysts also recently published reports on the company. Numis Securities has downgraded FDM Group to an “add” rating and set a price target of GBX1,000 ($12.19) on the stock. in a report on Wednesday. Shore Capital reassigned a “house stock” rating to shares in FDM Group in a report Wednesday.
FDM Group is down 1.9%
Shares of LON:FDM fell 15 GBX ($0.18) on Thursday midday to hit 795 GBX ($9.69). The company’s shares had a trading volume of 300,499 shares compared to an average volume of 147,307. FDM Group has a 52-week low of 591 GBX ($7.20) and a 52-week high of 1,162 GBX ($14.16). The company has a gearing ratio of 16.88, a quick ratio of 2.24 and a current ratio of 2.34. The company has a 50-day moving average price of GBX809.28 and a 200-day moving average price of GBX738.60. The company has a market cap of £868.06 million, a price-to-earnings ratio of 2,650.00 and a beta of 1.11.
Insider activity at FDM Group
In other FDM Group news, insider Michael (Mike) McLaren acquired 63 shares of FDM Group stock in a transaction on Monday, February 13. The stock was bought at an average price of GBX787 ($9.59) per share for a total transaction of £495.81 ($604.28). Over the past 90 days, insiders have purchased 186 shares of the company’s stock for $148,657. 17.83% of the shares are owned by company insiders.
About FDM Group (Get Rating)
FDM Group (Holdings) plc provides information technology (IT) services in the UK, North America, Rest of Europe, Middle East, Africa and Asia Pacific. It is involved in recruiting, training and placing its own IT and business consultants in various technical and business disciplines including development, testing, IT service management, project management office, data engineering, cloud computing, business analysis, business intelligence and cyber security, artificial intelligence, machine Learning and robotic process automation, and risk and regulatory activities.
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