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

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.

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

Several other brokerages have also issued reports on DATA. Deutsche Bank Aktiengesellschaft decreased their price target on GlobalData from GBX 215 ($2.89) to GBX 195 ($2.62) and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Shore Capital reiterated a "buy" rating on shares of GlobalData in a research note on Tuesday, July 15th.

GlobalData Price Performance

GlobalData stock traded down GBX 2 ($0.03) during mid-day trading on Tuesday, reaching GBX 136.50 ($1.84). 1,708,638 shares of the company were exchanged, compared to its average volume of 2,141,073. The company has a fifty day simple moving average of GBX 147.90 and a 200-day simple moving average of GBX 162.60. GlobalData has a 12 month low of GBX 128 ($1.72) and a 12 month high of GBX 230 ($3.09). The company has a debt-to-equity ratio of 5.16, a current ratio of 1.25 and a quick ratio of 0.61. The firm has a market cap of £1.10 billion, a PE ratio of 32.62, a PEG ratio of 1.52 and a beta of 0.58.

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

Insiders Place Their Bets

In related news, insider Graham Lilley sold 536,428 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of GBX 143 ($1.92), for a total transaction of £767,092.04 ($1,031,731.06). 66.45% of the stock is owned by corporate insiders.

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.