Berenberg Bank Has Lowered Expectations for GlobalData (LON:DATA) Stock Price

GlobalData (LON:DATA) had its target price reduced by analysts at Berenberg Bank from GBX 300 ($4.03) to GBX 260 ($3.49) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 80.56% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Shore Capital reiterated a “buy” rating on shares of GlobalData in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their price objective on GlobalData from GBX 215 ($2.89) to GBX 195 ($2.62) and set a “buy” rating for the company in a research note on Tuesday.

GlobalData Stock Performance

Shares of GlobalData stock opened at GBX 144 ($1.93) on Tuesday. The stock’s fifty day moving average is GBX 163.87 and its two-hundred day moving average is GBX 168.85. The company has a market capitalization of £1.16 billion, a PE ratio of 34.41, 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. GlobalData has a 52 week low of GBX 128 ($1.72) and a 52 week high of GBX 230 ($3.09).

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.