GlobalData (LON:DATA) Stock Breaks Above 50-Day Moving Average – Here’s Why

GlobalData Plc (LON:DATA)’s share price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 65.24 and traded as high as GBX 66.15. GlobalData shares last traded at GBX 65.40, with a volume of 15,692,030 shares traded.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of GlobalData to a “buy” rating and raised their price objective for the stock from GBX 98 to GBX 170 in a research report on Tuesday, September 15th. JPMorgan Chase & Co. lowered their price objective on shares of GlobalData from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research note on Tuesday, September 15th. Finally, Berenberg Bank dropped their target price on shares of GlobalData from GBX 105 to GBX 90 and set a “buy” rating on the stock in a research report on Tuesday, September 15th. Three investment 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 116.67.

GlobalData Stock Down 0.8%

The company has a market cap of £424.93 million, a P/E ratio of 13.52, a PEG ratio of 1.52 and a beta of 0.72. The stock’s 50-day moving average price is GBX 65.24 and its 200-day moving average price is GBX 82.41. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 71.69.

GlobalData (LON:DATA) last issued 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, research analysts forecast that GlobalData Plc will post 9.67 EPS for the current year.

Insider Transactions at GlobalData

In other GlobalData news, insider Michael Danson sold 20,117,282 shares of the firm’s stock in a transaction that occurred 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 67.11% of the company’s stock.

GlobalData Company Profile

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.