First Derivatives’ (FDP) Buy Rating Reiterated at Shore Capital
Shore Capital reaffirmed their buy rating on shares of First Derivatives (LON:FDP) in a research note issued to investors on Thursday morning, ThisIsMoney.Co.Uk reports.
Several other research analysts also recently commented on the company. Liberum Capital reaffirmed a buy rating on shares of First Derivatives in a report on Thursday. Berenberg Bank reissued a hold rating and issued a GBX 2,100 ($27.44) price objective (down from GBX 4,300 ($56.19)) on shares of First Derivatives in a research note on Monday, January 7th.
Shares of FDP opened at GBX 3,085 ($40.31) on Thursday. The stock has a market cap of $809.33 million and a price-to-earnings ratio of 72.76. First Derivatives has a 12 month low of GBX 2,010 ($26.26) and a 12 month high of GBX 4,800 ($62.72). The company has a debt-to-equity ratio of 26.66, a quick ratio of 0.80 and a current ratio of 0.80.
First Derivatives plc provides software and consulting services internationally. The company operates through Consulting and Software segments. It provides kdb+, an in-memory, time-series database. The company also designs, develops, implements, and supports a range of data and trading systems for front, middle, and back-office operations.
Further Reading: Intrinsic Value and Stock Selection
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