GlobalData (LON:DATA) Stock Price Up 12.2% – Time to Buy?

GlobalData Plc (LON:DATA)’s stock price shot up 12.2% on Monday . The company traded as high as GBX 112.50 and last traded at GBX 111.50. 7,594,019 shares traded hands during mid-day trading, an increase of 232% from the average session volume of 2,284,868 shares. The stock had previously closed at GBX 99.40.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price target on GlobalData from GBX 195 to GBX 170 and set a “buy” rating on the stock in a research report on Monday, October 20th. Shore Capital restated a “buy” rating on shares of GlobalData in a report on Thursday, October 30th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 260 price target on shares of GlobalData in a research report on Tuesday, August 5th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 245 price objective on shares of GlobalData in a report on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 225.

GlobalData Price Performance

The firm has a 50-day moving average of GBX 116.97 and a two-hundred day moving average of GBX 139.10. The company has a market capitalization of £852.61 million, a PE ratio of 59.75, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.16.

Insider Buying and Selling

In other GlobalData news, insider Michael Danson sold 20,000,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of GBX 150, for a total value of £30,000,000. Also, insider Peter Harkness sold 9,506 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of GBX 150, for a total value of £14,259. Over the last ninety days, insiders have sold 20,027,306 shares of company stock worth $3,004,095,900. Company insiders own 64.44% of the company’s stock.

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.