FDM has delivered a very strong set of results for 2016 – reaching our 2017 sales estimate a year early. The group has seen powerful performances across almost all geographies as it continues to benefit from the compelling nature of the offering. We make a modest upgrade to our 2017 adj. PBT forecast, and remain convinced of the long-term strength of the investment proposition. We raise our Target Price from 670p to 850p – potential upgrades could drive future price performance.
08 Mar 2017
A year ahead of plan
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A year ahead of plan
FDM Group (Holdings) plc (FDM:LON) | 328 0 0.0% | Mkt Cap: 359.9m
- Published:
08 Mar 2017 -
Author:
Gareth Evans -
Pages:
8
FDM has delivered a very strong set of results for 2016 – reaching our 2017 sales estimate a year early. The group has seen powerful performances across almost all geographies as it continues to benefit from the compelling nature of the offering. We make a modest upgrade to our 2017 adj. PBT forecast, and remain convinced of the long-term strength of the investment proposition. We raise our Target Price from 670p to 850p – potential upgrades could drive future price performance.