GlobalData (LON:DATA) Trading 12.2% Higher – Still a Buy?

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

Wall Street Analyst Weigh In

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

GlobalData Trading Up 12.2%

The company has a debt-to-equity ratio of 5.16, a current ratio of 1.25 and a quick ratio of 0.61. The firm has a market cap of £795.53 million, a price-to-earnings ratio of 55.75, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The business’s 50-day moving average price is GBX 118.95 and its two-hundred day moving average price is GBX 140.24.

Insider Buying and Selling at GlobalData

In other GlobalData news, insider Graham Lilley acquired 23,961 shares of the stock in a transaction dated Wednesday, October 1st. The stock was acquired at an average price of GBX 125 per share, with a total value of £29,951.25. Also, insider Peter Harkness sold 17,800 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of GBX 150, for a total value of £26,700. In the last three months, insiders sold 20,027,306 shares of company stock worth $3,004,095,900. 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.