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  2. Share Prices
  3. FD Technologies Share Price
  4. FD Technologies Share News
  5. Berenberg raises target on First Derivatives, but expresses concern

Pin to quick picksFD Technologies Share News (FDP)

FD Technologies Information

Share Price Information for FD Technologies (FDP)

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Share Price: 1,304.00
Bid: 1,304.00
Ask: 1,314.00
Change: 0.00 (0.00%)
Spread: 10.00 (0.767%)
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Berenberg raises target on First Derivatives, but expresses concern

Wed, 29th May 2019 12:24

(Sharecast News) - Analysts at Berenberg raised their target price on consulting services firm First Derivatives from 2,100p to 2,750p on Wednesday, highlighting the group's "strong growth" despite having little cash to show for it.The company's 2019 full-year results last Wednesday revealed "strong" revenue growth of 17% and adjusted EBITDA "slightly ahead" of expectations, leading Berenberg to increased its 2020-21 estimates for adjusted EBITDA by 8-9%, respectively, in line with management guidance.However, the German bank said there were still some concerns.Berenberg noted that revenue growth slowed to 13.7% in the second half of the year to its lowest level since 2015, while EBITDA margins declined 40 basis points year-on-year."With both needing to improve in FY 2020 to meet guidance, it suggests there may be less headroom to guidance compared to previous years," said Berenberg's analysts.Consensus was for revenue growth of at least 13-15% in 2020.In addition, Berenberg noted that First Derivatives generated only around £6m worth of free cash flow in 2019 - on around a 3% margin, bringing its cumulative FCF since 2011 to about £24m, compared to the £800m increase in the group's market cap over that same time frame.On the flip side, valuation multiples in the sector had re-rated and the broker expected group EBITDA margins rising back by 40 basis points by the end of the financial year 2021.But given the above concerns and "lofty valuation", while revising its target price higher, Berenberg retained its 'hold' rating on First Derivatives.As of 1457 BST, shares of First Derivatives were 2.37% lower at 3,295.0p.
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3 May 2022 15:57

UK earnings, trading statements calendar - next 7 days

Wednesday 4 May 
Andrews Sykes Group PLCFull Year Results
Apax Global Alpha LtdTrading Statement
Aston Martin Lagonda Global Holdings PLCQ1 Results
boohoo Group PLCFull Year Results
Dianomi PLCFull Year Results
Direct Line Insurance Group PLCTrading Statement
e-Therapeutics PLCFull Year Results
Flutter Entertainment PLCQ1 Results
International Personal Finance PLCTrading Statement
JD Wetherspoon PLCTrading Statement
Johnson Service Group PLCTrading Statement
OSB Group PLCTrading Statement
Personal Group Holdings PLCTrading Statement
Schroder Oriental Income Fund LtdHalf Year Results
Smiths News PLCHalf Year Results
Tribal Group PLCTrading Statement
UK Commercial Property REIT LtdTrading Statement
WANdisco PLCFull Year Results
Thursday 5 May 
abrdn Latin American Income Fund LtdHalf Year Results
AIB Group PLCTrading Statement
BAE Systems PLCTrading Statement
Barratt Developments PLCTrading Statement
Derwent London PLCTrading Statement
Domino's Pizza Group PLCTrading Statement
Endeavour Mining PLCQ1 Results
Hansard Global PLCTrading Statement
Helios Towers PLCQ1 Results
Hiscox LtdTrading Statement
Home REIT PLCHalf Year Results
IMI PLCTrading Statement
James Fisher & Sons PLCTrading Statement
John Wood Group PLCTrading Statement
Melrose Industries PLCTrading Statement
Mondi PLCTrading Statement
Morgan Advanced Materials PLCTrading Statement
Morgan Sindall Group PLCTrading Statement
Next PLCTrading Statement
Rathbones Group PLCTrading Statement
Reach PLCTrading Statement
Shell PLCQ1 Results
Trainline PLCFull Year Results
Trifast PLCTrading Statement
Tyman PLCTrading Statement
Virgin Money UK PLCHalf Year Results
Vitec Group PLCTrading Statement
Wheaton Precious Metals CorpQ1 Results
Friday 6 May 
Beazley PLCTrading Statement
InterContinental Hotels Group PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Numis CorpHalf Year Results
Spirent Communications PLCTrading Statement
Monday 9 May 
HgCapital Trust PLCTrading Statement
Georgia Capital PLCTrading Statement
Kosmos Energy LtdQ1 Results
Tuesday 10 May 
FD Technologies PLCFull Year Results
Pacific Assets Trust PLCFull Year Results
Renishaw PLCTrading Statement
Treatt PLCHalf Year Results
Trellus Health PLCFull Year Results
  
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FD Technologies strikes 'landmark' deal with Microsoft

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12 Jan 2022 12:29

Berenberg downgrades FD Technologies to 'sell', slashes target price

(Sharecast News) - Analyst at Berenberg downgraded FD Technologies from 'hold' to 'sell' on Wednesday and cut its target price on the stock from 2,200.0p to 1,600.0p, citing "misplaced optimism".

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12 Jan 2022 09:55

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2 Nov 2021 12:46

FD Technologies swings to loss as it works on growth

(Sharecast News) - FD Technologies reported a 7% improvement in revenue in its first half on Tuesday, to £128m, as its gross profit also grew by 7% to £51.7m.

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2 Nov 2021 11:58

FD Technologies sees annual earnings down after swing to interim loss

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26 Oct 2021 16:03

UK earnings, trading statements calendar - next 7 days

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