GlobalData (LON:DATA) Receives “Buy” Rating from Berenberg Bank

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

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

GlobalData Stock Performance

LON:DATA traded up GBX 3.50 on Wednesday, hitting GBX 118. The stock had a trading volume of 2,443,863 shares, compared to its average volume of 2,335,053. The stock has a market cap 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 company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.16. The business’s 50-day simple moving average is GBX 110.03 and its two-hundred day simple moving average is GBX 124.89. GlobalData has a 52-week low of GBX 96.80 and a 52-week high of GBX 214.

GlobalData Company Profile

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.