GlobalData (LON:DATA) Stock Price Up 12.2% – Still a Buy?

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

Analysts Set New Price Targets

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

GlobalData Stock Performance

The firm has a 50-day moving average price of GBX 118.18 and a 200 day moving average price of GBX 139.72. The firm has a market capitalization of £795.53 million, a PE ratio of 55.75, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.16.

Insider Activity 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 transaction of £30,000,000. Also, insider Peter Harkness sold 17,800 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of GBX 150, for a total transaction of £26,700. Insiders sold 20,027,306 shares of company stock worth $3,004,095,900 in the last three months. 64.44% of the stock is owned by company 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.