Berenberg Bank Forecasts Strong Price Appreciation for GlobalData (LON:DATA) Stock

GlobalData (LON:DATA) had its price target lifted by Berenberg Bank from GBX 295 ($3.61) to GBX 300 ($3.67) in a research note issued to investors on Tuesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 63.49% from the stock’s previous close.

GlobalData Price Performance

Shares of LON DATA traded down GBX 5.50 ($0.07) during mid-day trading on Tuesday, reaching GBX 183.50 ($2.25). The company’s stock had a trading volume of 1,509,546 shares, compared to its average volume of 1,543,934. GlobalData has a 52 week low of GBX 168.06 ($2.06) and a 52 week high of GBX 244 ($2.99). The company has a debt-to-equity ratio of 5.15, a current ratio of 1.25 and a quick ratio of 0.61. The stock has a fifty day moving average of GBX 197.40 and a two-hundred day moving average of GBX 205.63. The firm has a market capitalization of £1.45 billion, a PE ratio of 4,587.50, a P/E/G ratio of 1.52 and a beta of 0.58.

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.