GlobalData (LON:DATA) Stock Price Up 12.2% – Here’s What Happened

GlobalData Plc (LON:DATA)’s share price was up 12.2% on Monday . The company traded as high as GBX 112.50 and last traded at GBX 111.50. Approximately 7,594,019 shares were traded 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

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

GlobalData Price Performance

The stock has a market cap of £852.61 million, a P/E ratio of 59.75, a price-to-earnings-growth 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. The firm has a 50-day moving average price of GBX 117.58 and a 200-day moving average price of GBX 139.24.

Insiders Place Their Bets

In other GlobalData news, insider Peter Harkness sold 17,800 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of GBX 150, for a total transaction of £26,700. Also, insider Graham Lilley bought 23,961 shares of the company’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. Over the last 90 days, insiders sold 20,027,306 shares of company stock worth $3,004,095,900. 64.44% of the stock is owned by corporate insiders.

About GlobalData

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.