GlobalData (LON:DATA) Stock Price Up 12.2% – Here’s What Happened

GlobalData Plc (LON:DATA)’s stock price shot up 12.2% on Tuesday . The company traded as high as GBX 112.50 and last traded at GBX 111.50. 7,594,019 shares were traded 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 Upgrades and Downgrades

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

GlobalData Stock Down 0.6%

The company has a debt-to-equity ratio of 5.16, a quick ratio of 0.61 and a current ratio of 1.25. The firm has a fifty day simple moving average of GBX 116.97 and a 200-day simple moving average of GBX 139.10. The firm has a market cap of £847.83 million, a price-to-earnings ratio of 59.42, a P/E/G ratio of 1.52 and a beta of 0.58.

Insider Transactions at GlobalData

In other GlobalData news, 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. Also, insider Michael Danson sold 20,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of GBX 150, for a total transaction of £30,000,000. In the last 90 days, insiders sold 20,027,306 shares of company stock worth $3,004,095,900. 64.44% of the stock is owned by 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.