FDM Group Shares (LON: FDM) Continue To Fall as Deutsche Bank Trims PT

Bears continue to circle around FDM Group shares (LON: FDM), with the early stages of 2025 bringing a decline in share price of 24.59%, and 47.88% over the past 12 months. Beleaguered holders will not have enjoyed seeing FDM have its price target cut by Deutsche Bank from 360 GBp to 275 GBp, even if the firm maintains a Hold rating in place.

FDM Group, based in London, United Kingdom, operates within the Technology sector, specifically focusing on Information Technology Services. The business is involved in several key activities, chiefly recruiting, training, and deploying IT and business consultants across various regions, including the United Kingdom, North America, Europe, the Middle East, Africa, and the Asia Pacific.

The market capitalization for FDM Group stands at £263million, with a 52-week range between 227p and 472p. Shares began trading very close to the low at 230p, before stabilising somewhat through the first hour to a current level of 239.50p.

In the broad Technology sector, FDM Group's hass value as a provider of key IT personnel and consulting services, and analysts consensus of 427.50p offers significant perceived upside. That being as it may, the sentiment in price action has been firmly with the bears over the past 3 years or so, with the stock declining more than 80% from September 2021 highs.

Deutsche Bank's revised price target for FDM Group to 275 GBp reflects careful optimism in the face of a fluctuating market. Despite the current trading price rallying a little on the day, the stock is in price discovery mode at this level, searching for support and a bottom.