First Derivatives (LON:FDP) Downgraded to “Sell” at Berenberg Bank

Berenberg Bank downgraded shares of First Derivatives (LON:FDP) to a sell rating in a research report sent to investors on Tuesday, Price reports. They currently have GBX 1,600 ($21.72) target price on the stock, down from their prior target price of GBX 2,200 ($29.86).

Separately, Shore Capital restated a buy rating on shares of First Derivatives in a report on Thursday, October 28th.

First Derivatives stock opened at GBX 1,750 ($23.75) on Tuesday. First Derivatives has a 1 year low of GBX 1,670 ($22.67) and a 1 year high of GBX 3,425 ($46.49). The firm has a 50 day moving average price of GBX 2,055.04 and a 200 day moving average price of GBX 2,192.78. The company has a market cap of £486.66 million and a price-to-earnings ratio of 603.45. The company has a debt-to-equity ratio of 48.64, a quick ratio of 1.92 and a current ratio of 1.92.

About First Derivatives

First Derivatives plc provides software and consulting services in the United Kingdom and internationally. The company operates through Managed Services and Consulting, and Software segments. It provides KX, a technology for real-time continuous intelligence; First Derivative, a technology-led service for capital markets; and MRP Prelytix platform, an enterprise-class predictive accounts based marketing solution.

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