GlobalData (LON:DATA) Trading 12.2% Higher – Time to Buy?

GlobalData Plc (LON:DATA)’s stock price rose 12.2% during mid-day trading on Tuesday . The company traded as high as GBX 112.50 and last traded at GBX 111.50. Approximately 7,594,019 shares traded 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.

Analyst Upgrades and Downgrades

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

GlobalData Price Performance

The company has a market cap of £827.63 million, a price-to-earnings ratio of 58.00, a P/E/G ratio of 1.52 and a beta of 0.58. The company’s 50-day simple moving average is GBX 118.18 and its 200-day simple moving average is GBX 139.72. The company has a debt-to-equity ratio of 5.16, a current ratio of 1.25 and a quick ratio of 0.61.

Insider Activity at GlobalData

In other news, insider Graham Lilley acquired 23,961 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was bought at an average cost of GBX 125 per share, with a total value of £29,951.25. Also, insider Michael Danson sold 20,000,000 shares of the firm’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. In the last three months, insiders sold 20,027,306 shares of company stock valued at $3,004,095,900. 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.