First Derivatives (FDP) Earns Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of First Derivatives (LON:FDP) in a research note issued to investors on Tuesday morning.

A number of other equities research analysts have also commented on the company. Citigroup raised their price target on First Derivatives from GBX 5,050 ($65.99) to GBX 5,200 ($67.95) and gave the stock a buy rating in a research report on Monday, July 9th. Liberum Capital reaffirmed a buy rating and set a GBX 5,300 ($69.25) price target on shares of First Derivatives in a research report on Monday, July 16th.

LON:FDP opened at GBX 2,890 ($37.76) on Tuesday. First Derivatives has a 1-year low of GBX 2,485 ($32.47) and a 1-year high of GBX 4,440 ($58.02).

The firm also recently declared a dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be given a dividend of GBX 7.70 ($0.10) per share. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend is Thursday, November 15th.

About First Derivatives

First Derivatives plc designs, develops, implements, and supports a range of data and trading systems for front, middle, and back-office operations worldwide. It operates through Consulting and Software segments. The company provides kdb+, a high-performance database that sets the standard for time-series analytics with a built-in expressive query and programming language, as well as develops a suite of products.

Further Reading: Return on Equity (ROE)

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