Coronavirus - we're here to help
From how to access your account online, scam awareness, your wellbeing and our community we're here to help.

Skip to main content
  • Register
  • Help
  • Contact us
  • Log in to HL Account

Berenberg raises target price on YouGov

Tue 06 October 2020 10:59 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - Analysts at Berenberg raised their target price on market research company YouGov from 920.0p to 1,020.0p on Tuesday after the firm's full-year results came in slightly ahead of consensus.

In Berenberg's view, the underlying drivers outlined in YouGov's full-year report card will be the focus for investors, with strong like-for-like growth within its custom research unit likely going a way to raise confidence that the company was delivering on its five-year strategic targets.

This prompted the analysts to upgrade their earnings per share forecasts by 4%, 11% and 17% in 2021, 2022 and 2023, respectively.

The German bank acknowledged that current macro-economic conditions still warranted "some caution", but highlighted that YouGov's 2020 results proved that it had "a superior data platform" and "material growth opportunities".

"It is supported by fast-growing data products and a burgeoning opportunity to target larger research engagements across the market," said Berenberg, which also maintained its 'buy' rating on the stock.

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.


    More stockbroker tips from ShareCast

    Latest economy and stock market articles