GlobalData (LON:DATA) Shares Up 12.2% – Here’s Why

Shares of GlobalData Plc (LON:DATA) rose 12.2% during mid-day trading on Monday . The company traded as high as GBX 112.50 and last traded at GBX 111.50. Approximately 7,594,019 shares traded hands during mid-day 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 Analysts Forecast Growth

Several brokerages have recently issued reports on DATA. Berenberg Bank reissued a “buy” rating and set a GBX 260 price target on shares of GlobalData in a report on Tuesday, August 5th. 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 research report on Monday, October 20th. Shore Capital reiterated a “buy” rating on shares of GlobalData in a research report on Thursday, October 30th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 245 price target 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 data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 225.

GlobalData Trading Up 12.2%

The stock has a market capitalization of £795.53 million, a P/E ratio of 55.75, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The business has a 50 day simple moving average of GBX 118.18 and a 200-day simple moving average of GBX 139.72. The company has a debt-to-equity ratio of 5.16, a quick ratio of 0.61 and a current ratio of 1.25.

Insider Activity at GlobalData

In related news, insider Peter Harkness sold 17,800 shares of GlobalData stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of GBX 150, for a total transaction of £26,700. Also, insider Michael Danson sold 20,000,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of GBX 150, for a total transaction of £30,000,000. Insiders sold 20,027,306 shares of company stock valued at $3,004,095,900 over the last 90 days. 64.44% of the stock is currently owned by corporate insiders.

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.