Berenberg Bank Reiterates “Buy” Rating for GlobalData (LON:DATA)

GlobalData (LON:DATA)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 170 price target on the stock. Berenberg Bank’s target price points to a potential upside of 44.07% from the stock’s previous close.

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

GlobalData Trading Up 3.1%

DATA opened at GBX 118 on Wednesday. The stock has a market capitalization of £839.79 million, a P/E ratio of 59.00, a P/E/G ratio of 1.52 and a beta of 0.58. GlobalData has a 12 month low of GBX 96.80 and a 12 month high of GBX 214. The firm’s fifty day simple moving average is GBX 110.29 and its 200 day simple moving average is GBX 124.85. The company has a current ratio of 1.25, a quick ratio of 0.61 and a debt-to-equity ratio of 5.16.

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.