GlobalData (LON:DATA) Shares Up 12.2% – Should You Buy?

GlobalData Plc (LON:DATA) shares were up 12.2% on Monday . The stock traded as high as GBX 112.50 and last traded at GBX 111.50. Approximately 7,594,019 shares were traded during mid-day trading, an increase of 232% from the average daily volume of 2,284,868 shares. The stock had previously closed at GBX 99.40.

Analyst Ratings Changes

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

GlobalData Stock Performance

The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.16. The stock 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 P/E ratio of 55.75, a PEG ratio of 1.52 and a beta of 0.58.

Insider Buying and Selling at GlobalData

In other GlobalData news, insider Michael Danson sold 20,000,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of GBX 150, for a total value of £30,000,000. Also, insider Graham Lilley acquired 23,961 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was bought at an average price of GBX 125 per share, with a total value of £29,951.25. Insiders have sold a total of 20,027,306 shares of company stock worth $3,004,095,900 over the last ninety days. Corporate insiders own 64.44% of the company’s stock.

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.