GlobalData (LON:DATA) Stock Price Up 12.2% – Still a Buy?

GlobalData Plc (LON:DATA)’s stock price traded up 12.2% during trading on Tuesday . The company traded as high as GBX 112.50 and last traded at GBX 111.50. 7,594,019 shares changed hands during trading, an increase of 232% from the average session volume of 2,284,868 shares. The stock had previously closed at GBX 99.40.

Analyst Upgrades and Downgrades

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

GlobalData Trading Up 4.0%

The company has a current ratio of 1.25, a quick ratio of 0.61 and a debt-to-equity ratio of 5.16. The stock has a market capitalization of £827.63 million, a price-to-earnings ratio of 58.00, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The business has a 50 day simple moving average of GBX 118.18 and a 200-day simple moving average of GBX 139.72.

Insider Buying and Selling

In related news, insider Michael Danson sold 20,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of GBX 150, for a total value of £30,000,000. Also, insider Peter Harkness sold 9,506 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of GBX 150, for a total transaction of £14,259. Over the last three months, insiders have sold 20,027,306 shares of company stock valued at $3,004,095,900. Insiders own 64.44% of the company’s stock.

About GlobalData

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.