GlobalData (LON:DATA) Cut to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of GlobalData (LON:DATA) to a buy rating in a research note published on Tuesday,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has GBX 170 price objective on the stock, up from their prior price objective of GBX 98.

A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of GlobalData from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research report on Tuesday. Berenberg Bank cut their price objective on shares of GlobalData from GBX 105 to GBX 90 and set a “buy” rating on the stock in a report on Tuesday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, GlobalData has a consensus rating of “Moderate Buy” and a consensus target price of GBX 148.75.

GlobalData Stock Up 1.8%

DATA stock opened at GBX 58.46 on Tuesday. GlobalData has a fifty-two week low of GBX 52.61 and a fifty-two week high of GBX 150.50. The company has a market capitalization of £382.54 million, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. The business’s 50 day moving average price is GBX 77.51 and its two-hundred day moving average price is GBX 84.25. The company has a debt-to-equity ratio of 71.69, a quick ratio of 0.61 and a current ratio of 0.85.

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

GlobalData announced that its Board of Directors has approved a stock repurchase plan on Tuesday, June 23rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at GlobalData

In other GlobalData news, insider Michael Danson sold 20,117,282 shares of GlobalData stock in a transaction on Thursday, August 13th. The stock was sold at an average price of GBX 85, for a total value of £17,099,689.70. Insiders own 67.14% of the company’s stock.

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.