GlobalData (LON:DATA) Sets New 52-Week Low Following Analyst Downgrade

Shares of GlobalData Plc (LON:DATA) hit a new 52-week low on Monday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 195 to GBX 170. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. GlobalData traded as low as GBX 107 ($1.43) and last traded at GBX 114.50 ($1.53), with a volume of 6520225 shares trading hands. The stock had previously closed at GBX 120 ($1.60).

Several other equities research analysts have also recently issued reports on the stock. Shore Capital reissued a “buy” rating on shares of GlobalData in a research report on Tuesday, July 15th. Berenberg Bank restated a “buy” rating and set a GBX 260 price objective on shares of GlobalData in a report on Tuesday, August 5th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 245 target price on shares of GlobalData in a report on Monday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 225.

Insiders Place Their Bets

In other news, insider Peter Harkness sold 17,800 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of GBX 150, for a total value of £26,700. 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. Insiders have sold a total of 20,563,734 shares of company stock worth $3,080,805,104 over the last quarter. 61.00% of the stock is owned by corporate insiders.

GlobalData Trading Up 2.6%

The firm has a market capitalization of £827.44 million, a price-to-earnings ratio of 57.99, a PEG ratio of 1.52 and a beta of 0.58. The business’s 50-day moving average price is GBX 132.34 and its 200 day moving average price is GBX 147.33. The company has a debt-to-equity ratio of 5.16, a current ratio of 1.25 and a quick ratio of 0.61.

GlobalData (LON:DATA) last released its quarterly earnings results on Tuesday, August 5th. The company reported GBX 3 earnings per share for the quarter. GlobalData had a net margin of 11.96% and a return on equity of 12.99%. On average, equities analysts forecast that GlobalData Plc will post 9.6687774 earnings per share for the current fiscal year.

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.