Globant SA (GLOB) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Globant SA (NYSE:GLOB) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $44.20.
A number of brokerages recently commented on GLOB. Wedbush reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Globant in a research report on Saturday, October 14th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $42.00 price objective (up from $36.00) on shares of Globant in a research report on Friday, August 18th. Cowen reaffirmed a “buy” rating and set a $50.00 price objective on shares of Globant in a research report on Thursday, October 12th. BidaskClub raised shares of Globant from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Finally, SunTrust Banks reaffirmed a “hold” rating on shares of Globant in a research report on Sunday, October 22nd.
Shares of Globant (GLOB) traded up $0.40 on Thursday, reaching $39.07. 146,500 shares of the company were exchanged, compared to its average volume of 252,943. Globant has a 52-week low of $30.90 and a 52-week high of $47.51. The stock has a market capitalization of $1,370.00, a P/E ratio of 44.97 and a beta of 0.83.
Globant Company Profile
Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.
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