Fidessa Group (FDSA) Lowered to “Underperform” at Credit Suisse Group
Credit Suisse Group lowered shares of Fidessa Group (LON:FDSA) to an underperform rating in a research note published on Monday. The firm currently has GBX 2,350 ($31.87) price target on the stock, up from their prior price target of GBX 2,300 ($31.19).
Several other research analysts have also weighed in on FDSA. Stifel Nicolaus initiated coverage on Fidessa Group in a research report on Thursday, November 30th. They issued a sell rating and a GBX 2,054 ($27.85) price objective for the company. Numis Securities lowered Fidessa Group to an add rating and lowered their price objective for the stock from GBX 2,860 ($38.78) to GBX 2,800 ($37.97) in a research report on Monday, December 18th. Four investment analysts have rated the stock with a sell rating and one has given a hold rating to the company. The company presently has an average rating of Sell and a consensus price target of GBX 2,178.80 ($29.55).
Shares of Fidessa Group (LON:FDSA) traded up GBX 65 ($0.88) during trading on Monday, reaching GBX 2,620 ($35.53). The company had a trading volume of 22,215 shares, compared to its average volume of 27,905. The stock has a market capitalization of $1,010.00 and a price-to-earnings ratio of 2,620.00. Fidessa Group has a 52 week low of GBX 2,020 ($27.39) and a 52 week high of GBX 2,675 ($36.28).
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Fidessa group plc is a United Kingdom-based holding company. The Company provides trading, investment and information solutions for the financial community. It is structured into two business units: Sell-side and Buy-side. The Sell-side business unit provides solutions and tools to support the trading of cash equities and derivatives across the globe.
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