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RBC Capital Stick to Their Buy Rating for Clarivate Analytics PLC

Published 08/03/2020, 09:01 AM
Updated 08/03/2020, 09:01 AM


RBC Capital analyst Seth Weber maintained a Buy rating on Clarivate Analytics (NYSE:CCC) PLC on Monday, setting a price target of $32, which is approximately 15.73% above the present share price of $27.65.

Weber expects Clarivate Analytics PLC to post earnings per share (EPS) of -$0.22 for the third quarter of 2020.

The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Clarivate Analytics, with an average price target of $30.4.
The analysts price targets range from a high of $35 to a low of $26.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $240.59 million and a net profit of $8.37 million. The company's market cap is $10.71 billion.

According to TipRanks.com, RBC Capital analyst Seth Weber is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 11.3% and a 62.45% success rate.

Clarivate Analytics Plc provides trusted insights and analytics to accelerate the pace of innovation. Its solutions include scientific and research, patent intelligence and compliance standards, pharmaceutical and biotech intelligence and trademark, domain and brand protection. The company product portfolio includes Life Science, Web of Science, Cortellis, Derwent, CompuMark, MarkMonitor and Techstreet. It helps clients to reduce the time from new ideas to life changing innovations. The company was founded in 1864 and is headquartered in St. Helier, Jersey.

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