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

GlobalData Plc (LON:DATA)’s stock price shot up 12.2% on Monday . The company traded as high as GBX 112.50 and last traded at GBX 111.50. 7,594,019 shares were traded 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 Ratings Changes

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

GlobalData Stock Performance

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’s 50 day moving average price is GBX 116.97 and its two-hundred day moving average price is GBX 139.10. The firm has a market capitalization of £852.61 million, a PE ratio of 59.75, a PEG ratio of 1.52 and a beta of 0.58.

Insider Activity

In other news, insider Peter Harkness sold 9,506 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of GBX 150, for a total value of £14,259. Also, insider Graham Lilley bought 23,961 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was purchased at an average cost of GBX 125 per share, with a total value of £29,951.25. Insiders have sold 20,027,306 shares of company stock worth $3,004,095,900 over the last three months. 64.44% of the stock is currently 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.