GlobalData (LON:DATA) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

GlobalData Plc (LON:DATAGet Free Report) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 82.98 and traded as high as GBX 86.40. GlobalData shares last traded at GBX 85.90, with a volume of 833,245 shares changing hands.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Report on GlobalData

GlobalData Stock Performance

The company’s 50-day moving average is GBX 82.25 and its two-hundred day moving average is GBX 87.21. The company has a quick ratio of 0.61, a current ratio of 0.90 and a debt-to-equity ratio of 62.52. The company has a market cap of £573.65 million, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.52 and a beta of 0.71.

GlobalData declared that its board has authorized a share buyback plan on Tuesday, June 23rd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

GlobalData Company Profile

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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.

Further Reading

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