Shore Capital Reiterates “House Stock” Rating for FDM Group (LON:FDM)

Shore Capital restated their house stock rating on shares of FDM Group (LON:FDMGet Rating) in a research note issued to investors on Wednesday morning, Marketbeat reports.

Separately, Numis Securities reaffirmed a buy rating and issued a GBX 1,000 ($12.19) price target on shares of FDM Group in a report on Wednesday, February 1st.

FDM Group Trading Down 1.9 %

LON:FDM opened at GBX 795 ($9.69) on Wednesday. The company has a current ratio of 2.34, a quick ratio of 2.24 and a debt-to-equity ratio of 16.88. The stock has a market capitalization of £868.06 million, a PE ratio of 2,650.00 and a beta of 1.11. The firm’s 50 day moving average is GBX 809.92 and its 200 day moving average is GBX 738.54. FDM Group has a 12 month low of GBX 591 ($7.20) and a 12 month high of GBX 1,162 ($14.16).

FDM Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 8th will be issued a GBX 19 ($0.23) dividend. This represents a dividend yield of 2.22%. The ex-dividend date is Thursday, June 8th. This is a boost from FDM Group’s previous dividend of $17.00. FDM Group’s payout ratio is 11,666.67%.

Insider Buying and Selling

In other FDM Group news, insider Michael (Mike) McLaren bought 63 shares of the stock in a transaction on Monday, February 13th. The shares were acquired at an average price of GBX 787 ($9.59) per share, with a total value of £495.81 ($604.28). In the last quarter, insiders have purchased 186 shares of company stock valued at $148,657. 17.83% of the stock is owned by company insiders.

FDM Group Company Profile

(Get Rating)

FDM Group (Holdings) plc provides information technology (IT) services in the United Kingdom, North America, rest of Europe, the Middle East, Africa, and the Asia Pacific. It is involved in recruiting, training, and placing its own IT and business consultants across various technical and business disciplines, including development, testing, IT service management, project management office, data engineering, cloud computing, business analysis, business intelligence, cyber security, artificial intelligence, machine learning, and robotic process automation, as well as risk and regulation activities.

Further Reading

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