GlobalData (LON:DATA) Trading Up 12.2% – Time to Buy?

GlobalData Plc (LON:DATA) shares shot up 12.2% during trading on Monday . The stock 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.

Analysts Set New Price Targets

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

GlobalData Price Performance

The stock has a market capitalization of £795.53 million, a price-to-earnings ratio of 55.75, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The company has a debt-to-equity ratio of 5.16, a quick ratio of 0.61 and a current ratio of 1.25. The business’s 50 day simple moving average is GBX 118.18 and its 200-day simple moving average is GBX 139.72.

Insiders Place Their Bets

In related news, insider Graham Lilley purchased 23,961 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were bought at an average price of GBX 125 per share, with a total value of £29,951.25. Also, insider Michael Danson sold 20,000,000 shares of the company’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 transaction of £30,000,000. Over the last 90 days, insiders have sold 20,027,306 shares of company stock worth $3,004,095,900. 64.44% of the stock is owned by insiders.

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.