Berenberg Bank Reaffirms Buy Rating for GlobalData (LON:DATA)

GlobalData (LON:DATA)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. They presently have a GBX 170 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 44.07% from the stock’s current price.

Several other analysts have also recently issued reports on DATA. Deutsche Bank Aktiengesellschaft lowered their price target on shares of GlobalData from GBX 195 to GBX 170 and set a “buy” rating for the company in a report on Monday, October 20th. Shore Capital reaffirmed a “buy” rating on shares of GlobalData in a research note on Thursday. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 245 target price on shares of GlobalData in a report on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 195.

GlobalData Price Performance

Shares of DATA stock traded up GBX 3.50 on Wednesday, reaching GBX 118. The company’s stock had a trading volume of 2,443,863 shares, compared to its average volume of 2,335,053. The company has a market capitalization of £839.79 million, a price-to-earnings ratio of 59.00, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The stock’s fifty day simple moving average is GBX 110.03 and its 200-day simple moving average is GBX 124.89. The company has a current ratio of 1.25, a quick ratio of 0.61 and a debt-to-equity ratio of 5.16. GlobalData has a 1 year low of GBX 96.80 and a 1 year high of GBX 214.

About GlobalData

GlobalData Plc is a leading data, insights, and analytics platform for the world’s largest industries. Our mission is to help our clients decode the future, make better decisions, and reach more customers.

One Platform Model
GlobalData’s One Platform model is the foundation of our business and is the result of years of continuous investment, targeted acquisitions, and organic development. This model governs everything we do, from how we develop and manage our products, to our approach to sales and customer success, and supporting business operations.