GlobalData (LON:DATA) Stock Price Up 12.2% – Time to 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 were traded 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.

Analyst Upgrades and Downgrades

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

GlobalData Stock Up 12.2%

The firm has a market capitalization of £795.53 million, a PE ratio of 55.75, a P/E/G ratio of 1.52 and a beta of 0.58. The stock 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 quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.16.

Insider Buying and Selling

In related news, insider Michael Danson sold 20,000,000 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 value of £30,000,000. Also, insider Graham Lilley acquired 23,961 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was purchased at an average price of GBX 125 per share, for a total transaction of £29,951.25. In the last 90 days, insiders sold 20,027,306 shares of company stock valued at $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.