JPMorgan Chase & Co. Has Lowered Expectations for GlobalData (LON:DATA) Stock Price

GlobalData (LON:DATA) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from GBX 110 to GBX 90 in a note issued to investors on Tuesday, Digital Look reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 59.86% from the stock’s current price.

Separately, Berenberg Bank cut their target price on shares of GlobalData from GBX 105 to GBX 90 and set a “buy” rating for the company in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 148.75.

GlobalData Stock Performance

Shares of LON DATA opened at GBX 56.30 on Tuesday. The firm’s 50-day moving average price is GBX 78.66 and its 200-day moving average price is GBX 84.79. The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 71.69. The company has a market cap of £368.43 million, a PE ratio of 12.80, a PEG ratio of 1.52 and a beta of 0.72. GlobalData has a 52-week low of GBX 52.61 and a 52-week high of GBX 153.

GlobalData (LON:DATA) last issued its quarterly earnings data on Monday, September 14th. The company reported GBX 2.70 earnings per share (EPS) for the quarter. GlobalData had a net margin of 10.84% and a return on equity of 12.09%. As a group, analysts anticipate that GlobalData will post 9.6687774 EPS for the current year.

GlobalData declared that its Board of Directors has initiated a share repurchase plan on Tuesday, June 23rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at GlobalData

In other news, insider Michael Danson sold 20,117,282 shares of the firm’s stock in a transaction dated 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 currently owned by company insiders.

GlobalData Company Profile

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.