JPMorgan Chase Raises Price Target for YouGov Stock to GBX 385

Analysts at JPMorgan Chase & Co. have increased their target price for YouGov (LON:YOU) stock from GBX 375 to GBX 385, according to a research note released on October 14, 2023. This adjustment suggests a potential upside of approximately 54.26% from the company’s last closing price. Currently, JPMorgan Chase & Co. maintains a “neutral” rating on the stock.

Several other financial institutions have also weighed in on YouGov’s stock performance recently. Berenberg Bank lowered its price target from GBX 760 to GBX 600, affirming a “buy” rating in a report issued on the same day. Meanwhile, Deutsche Bank Aktiengesellschaft reduced its target from GBX 565 to GBX 438, also assigning a “buy” rating.

Overall, two analysts have rated YouGov with a “buy” rating, while one has given it a “hold” rating. According to data from MarketBeat, the consensus rating for the stock is “Moderate Buy,” with a target price averaging GBX 474.33.

Recent Financial Performance

YouGov recently announced its quarterly earnings results on October 14, 2023, reporting earnings per share (EPS) of GBX 31.70 for the quarter. The company’s financial metrics indicate a negative net margin of 0.69% and a negative return on equity of 1.23%. Analysts project that YouGov will achieve an EPS of approximately 41.89 for the current fiscal year.

Insider Transactions Highlight Confidence

In related news, insider transactions have been noted at YouGov. On October 15, 2023, insider Stephan Shakespeare purchased 39,060 shares of the company’s stock at an average price of GBX 256, amounting to a total investment of £99,993.60. Another insider, Ian Griffiths, acquired 19,216 shares on October 14, 2023, at an average cost of GBX 260, totaling £49,961.60. Insiders now hold 13.43% of YouGov’s stock.

About YouGov

YouGov is an international research and data analytics group. Its mission is to provide a continuous stream of accurate data reflecting global opinions, helping organizations better serve their communities. With a base of 22 million registered members, YouGov collects extensive data on consumer opinions, attitudes, and behaviors daily.

The recent adjustments in analyst ratings and insider purchases reflect a nuanced outlook on YouGov’s market position and potential for growth in the near future.