First Derivatives plc (LON:FDP) had its target price increased by equities researchers at N+1 Singer from GBX 2,829 ($38.14) to GBX 3,073 ($41.43) in a report released on Tuesday. The brokerage currently has a “buy” rating on the stock. N+1 Singer’s target price indicates a potential upside of 5.24% from the stock’s current price.

First Derivatives plc (LON:FDP) traded up 0.34% during midday trading on Tuesday, reaching GBX 2930.00. 778 shares of the company’s stock traded hands. The stock’s 50 day moving average price is GBX 2,802.49 and its 200 day moving average price is GBX 2,789.09. First Derivatives plc has a 1-year low of GBX 1,916.94 and a 1-year high of GBX 3,200.00. The firm’s market cap is GBX 728.63 million.

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About First Derivatives plc

First Derivatives plc is engaged in the provision of a range of software and consulting services, particularly to finance, technology and energy organizations. The Company provides software solutions that address data challenges, particularly those involving large data volumes and streaming data, across a range of sectors.

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