Berenberg Bank Cuts GlobalData (LON:DATA) Price Target to GBX 90

GlobalData (LON:DATA) had its target price trimmed by Berenberg Bank from GBX 105 to GBX 90 in a research report sent to investors on Tuesday morning,Digital Look reports. The firm currently has a buy rating on the stock.

Separately, JPMorgan Chase & Co. lowered their price target on GlobalData from GBX 135 to GBX 110 and set a “neutral” rating on the stock in a research note on Friday, July 17th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, GlobalData currently has an average rating of “Moderate Buy” and a consensus target price of GBX 148.75.

GlobalData Price Performance

Shares of GlobalData stock opened at GBX 58.46 on Tuesday. The company has a debt-to-equity ratio of 71.69, a current ratio of 0.85 and a quick ratio of 0.61. The company has a market cap of £382.54 million, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. The firm has a fifty day moving average price of GBX 77.51 and a two-hundred day moving average price of GBX 84.25. GlobalData has a fifty-two week low of GBX 52.61 and a fifty-two week high of GBX 150.50.

GlobalData (LON:DATA) last posted 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%. Analysts expect that GlobalData will post 9.6687774 EPS for the current year.

GlobalData declared that its Board of Directors has approved a stock repurchase program on Tuesday, June 23rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other GlobalData news, insider Michael Danson sold 20,117,282 shares of the business’s stock in a transaction 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.

About GlobalData

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.