Fidessa Group (LON:FDSA) was upgraded by research analysts at Jefferies Group to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a GBX 3,100 ($42.83) price target on the stock, up from their previous price target of GBX 2,400 ($33.16). Jefferies Group’s price objective would suggest a potential downside of 13.17% from the stock’s current price.
Several other analysts have also recently commented on the stock. Credit Suisse Group cut shares of Fidessa Group to an “underperform” rating and raised their target price for the stock from GBX 2,300 ($31.78) to GBX 2,350 ($32.47) in a research note on Monday, January 8th. Numis Securities cut shares of Fidessa Group to an “add” rating and reduced their target price for the stock from GBX 2,860 ($39.51) to GBX 2,800 ($38.68) in a research note on Monday, December 18th. Finally, Stifel Nicolaus started coverage on shares of Fidessa Group in a research note on Thursday, November 30th. They issued a “sell” rating and a GBX 2,054 ($28.38) target price for the company. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 2,377.33 ($32.85).
Shares of Fidessa Group (LON:FDSA) opened at GBX 3,570 ($49.32) on Monday. Fidessa Group has a 52 week low of GBX 2,020 ($27.91) and a 52 week high of GBX 3,635 ($50.22). The company has a market cap of $1,380.00 and a price-to-earnings ratio of 3,880.43.
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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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