GlobalData (LON:DATA) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

GlobalData Plc (LON:DATA)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 113.09 and traded as low as GBX 105.50. GlobalData shares last traded at GBX 106, with a volume of 1,169,960 shares traded.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DATA. Deutsche Bank Aktiengesellschaft lowered their target price on shares of GlobalData from GBX 195 to GBX 170 and set a “buy” rating on the stock in a research note on Monday, October 20th. Shore Capital reaffirmed a “buy” rating on shares of GlobalData in a research report on Thursday, January 15th. Peel Hunt reiterated a “buy” rating and set a GBX 245 target price on shares of GlobalData in a research note on Monday, October 20th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 170 price target on shares of GlobalData in a research note on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 195.

GlobalData Stock Performance

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 stock has a market cap of £754.39 million, a P/E ratio of 53.00, a P/E/G ratio of 1.52 and a beta of 0.58. The business’s 50-day moving average price is GBX 113.09 and its 200-day moving average price is GBX 122.52.

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. This model governs everything we do, from how we develop and manage our products, to our approach to sales and customer success, and supporting business operations.