GlobalData (LON:DATA) Stock Price Up 12.2% – Here’s Why

GlobalData Plc (LON:DATA)’s share price rose 12.2% on Monday . The company traded as high as GBX 112.50 and last traded at GBX 111.50. Approximately 7,594,019 shares were traded during mid-day trading, an increase of 232% from the average daily volume of 2,284,868 shares. The stock had previously closed at GBX 99.40.

Analysts Set New Price Targets

Several equities research analysts have commented on DATA shares. Deutsche Bank Aktiengesellschaft cut their price objective on GlobalData from GBX 195 to GBX 170 and set a “buy” rating for the company in a research note on Monday, October 20th. Peel Hunt reiterated a “buy” rating and set a GBX 245 price target on shares of GlobalData in a research report on Monday, October 20th. Shore Capital restated a “buy” rating on shares of GlobalData in a report on Thursday, October 30th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 260 target price on shares of GlobalData in a research note on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 225.

GlobalData Stock Performance

The stock has a market cap of £795.53 million, a price-to-earnings ratio of 55.75, a PEG ratio of 1.52 and a beta of 0.58. The company has a debt-to-equity ratio of 5.16, a current ratio of 1.25 and a quick ratio of 0.61. The firm has a fifty day moving average of GBX 118.18 and a 200 day moving average of GBX 139.72.

Insider Buying and Selling at GlobalData

In other news, insider Michael Danson sold 20,000,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of GBX 150, for a total transaction of £30,000,000. Also, insider Peter Harkness sold 9,506 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of GBX 150, for a total transaction of £14,259. Insiders sold a total of 20,027,306 shares of company stock worth $3,004,095,900 in the last three months. 64.44% of the stock is owned by corporate insiders.

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.