GlobalData (LON:DATA) Stock Crosses Below 50 Day Moving Average – What’s Next?

GlobalData Plc (LON:DATA) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 87.89 and traded as low as GBX 71.90. GlobalData shares last traded at GBX 73.14, with a volume of 1,096,561 shares.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price on GlobalData from GBX 135 to GBX 110 and set a “neutral” rating on the stock in a report on Friday, July 17th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 173.75.

GlobalData Price Performance

The company has a market cap of £507.82 million, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.52 and a beta of 0.71. The stock has a fifty day moving average price of GBX 87.89 and a 200-day moving average price of GBX 90.95. The company has a debt-to-equity ratio of 62.52, a current ratio of 0.90 and a quick ratio of 0.61.

GlobalData declared that its Board of Directors has authorized a stock repurchase program on Tuesday, June 23rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

About GlobalData

GlobalData operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change.

By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what’s coming, move faster, and lead with confidence.

Our solutions are used by over 5,000 organizations across the world’s largest industries, delivering tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.

Strategic Priorities
GlobalData’s four strategic priorities are: Customer Obsession, World Class Product, Sales Excellence and Operational Agility.