First Derivatives (FDP) Receives New Coverage from Analysts at Citigroup

Stock analysts at Citigroup assumed coverage on shares of First Derivatives (LON:FDP) in a report issued on Friday. The firm set a “buy” rating and a GBX 5,050 ($68.48) price target on the stock. Citigroup’s price target would indicate a potential upside of 24.08% from the company’s current price.

Several other research firms have also issued reports on FDP. Berenberg Bank started coverage on shares of First Derivatives in a research report on Tuesday, October 24th. They issued a “buy” rating and a GBX 4,100 ($55.60) price target on the stock. N+1 Singer reaffirmed a “buy” rating and set a GBX 4,190 ($56.82) target price on shares of First Derivatives in a report on Tuesday, November 7th. Finally, reaffirmed a “buy” rating and set a GBX 4,190 ($56.82) target price on shares of First Derivatives in a report on Tuesday, November 7th. Five analysts have rated the stock with a buy rating, First Derivatives presently has a consensus rating of “Buy” and a consensus price target of GBX 3,386 ($45.92).

First Derivatives (FDP) traded down GBX 10 ($0.14) during midday trading on Friday, hitting GBX 4,070 ($55.19). 393,745 shares of the stock traded hands, compared to its average volume of 19,503. First Derivatives has a one year low of GBX 2,090 ($28.34) and a one year high of GBX 4,380 ($59.40). The company has a market capitalization of $1,040.00 and a price-to-earnings ratio of 12,718.75.

In related news, insider Graham Ferguson sold 22,647 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of GBX 3,985 ($54.04), for a total transaction of £902,482.95 ($1,223,871.64).

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About First Derivatives

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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