GlobalData (LON:DATA) Shares Cross Below 50 Day Moving Average – Here’s Why

GlobalData Plc (LON:DATA – Get Free Report) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 75.65 and traded as low as GBX 58. GlobalData shares last traded at GBX 58, with a volume of 1,428,881 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on GlobalData from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research report on Tuesday, September 15th. Berenberg Bank decreased their price target on GlobalData from GBX 105 to GBX 90 and set a “buy” rating on the stock in a report on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft lowered GlobalData to a “buy” rating and lifted their price objective for the stock from GBX 98 to GBX 170 in a research report on Tuesday, September 15th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 148.75.

View Our Latest Report on GlobalData

GlobalData Stock Up 0.7%

The business has a fifty day moving average of GBX 75.65 and a 200 day moving average of GBX 83.39. The firm has a market cap of £379.55 million, a P/E ratio of 13.18, a P/E/G ratio of 1.52 and a beta of 0.72. The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 71.69.

GlobalData (LON:DATA – Get Free Report) last released its earnings results on Monday, September 14th. The company reported GBX 2.70 earnings per share for the quarter. GlobalData had a return on equity of 12.09% and a net margin of 10.84%. On average, equities research analysts predict that GlobalData Plc will post 9.6687774 EPS for the current year.

GlobalData announced that its Board of Directors has approved a share repurchase plan on Tuesday, June 23rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at GlobalData

In related news, insider Michael Danson sold 20,117,282 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of GBX 85, for a total value of £17,099,689.70. 67.14% of the stock is owned by corporate insiders.

GlobalData Company Profile

(Get Free Report)

GlobalData operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change.

By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what’s coming, move faster, and lead with confidence.

Our solutions are used by over 5,000 organizations across the world’s largest industries, delivering tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.

Strategic Priorities
GlobalData’s four strategic priorities are: Customer Obsession, World Class Product, Sales Excellence and Operational Agility.

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