GlobalData (LON:DATA) Trading 12.2% Higher – Here’s Why

GlobalData Plc (LON:DATA)’s share price traded up 12.2% during trading on Monday . The company traded as high as GBX 112.50 and last traded at GBX 111.50. 7,594,019 shares changed hands during mid-day 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

DATA has been the topic of several research analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 260 price objective on shares of GlobalData in a research note on Tuesday, August 5th. Peel Hunt reaffirmed a “buy” rating and set a GBX 245 price target on shares of GlobalData in a research report on Monday, October 20th. Shore Capital reiterated a “buy” rating on shares of GlobalData in a research note on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of GlobalData from GBX 195 to GBX 170 and set a “buy” rating on the stock in a research note on Monday, October 20th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, GlobalData presently has a consensus rating of “Buy” and a consensus price target of GBX 225.

GlobalData Stock Up 12.2%

The firm has a fifty day simple moving average of GBX 118.18 and a 200-day simple moving average of GBX 139.72. The company has a market capitalization of £795.53 million, a PE ratio of 55.75, a P/E/G 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.

Insider Buying and Selling at GlobalData

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