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

GlobalData logo with Industrials background

Key Points

  • Berenberg Bank has reaffirmed its buy rating for GlobalData (LON:DATA) and set a price target of GBX 260, indicating a potential upside of 82.84%.
  • GlobalData reported a quarterly EPS of GBX 3 ($0.04) with a net margin of 11.96% and a return on equity of 12.99%.
  • The company's stock has been trading at around GBX 142.20 ($1.89) with a market capitalization of £1.15 billion.
  • Want stock alerts on GlobalData? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

GlobalData (LON:DATA - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Berenberg Bank in a research report issued on Tuesday, MarketBeat reports. They presently have a GBX 260 ($3.50) price target on the stock. Berenberg Bank's target price would indicate a potential upside of 90.48% from the stock's current price.

Several other equities analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on GlobalData from GBX 215 ($2.89) to GBX 195 ($2.62) and set a "buy" rating for the company in a research report on Tuesday, July 15th. Shore Capital restated a "buy" rating on shares of GlobalData in a research report on Tuesday, July 15th.

Check Out Our Latest Research Report on DATA

GlobalData Stock Performance

Shares of LON:DATA traded down GBX 2 ($0.03) during trading on Tuesday, hitting GBX 136.50 ($1.84). 1,708,638 shares of the stock were exchanged, compared to its average volume of 2,141,073. GlobalData has a 1-year low of GBX 128 ($1.72) and a 1-year high of GBX 230 ($3.09). The company has a market capitalization of £1.10 billion, a price-to-earnings ratio of 32.62, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The company's fifty day simple moving average is GBX 147.90 and its 200-day simple moving average is GBX 162.72. The company has a debt-to-equity ratio of 5.16, a quick ratio of 0.61 and a current ratio of 1.25.

GlobalData (LON:DATA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported GBX 3 ($0.04) earnings per share for the quarter. GlobalData had a return on equity of 12.99% and a net margin of 11.96%. Sell-side analysts expect that GlobalData will post 9.6687774 EPS for the current fiscal year.

Insider Transactions at GlobalData

In other GlobalData news, insider Graham Lilley sold 536,428 shares of GlobalData stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of GBX 143 ($1.92), for a total value of £767,092.04 ($1,031,731.06). Insiders own 66.45% of the company's stock.

About GlobalData

(Get Free Report)

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.

Further Reading

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