GlobalData (LON:DATA) Shares Up 12.2% – Should You Buy?

GlobalData Plc (LON:DATA) was up 12.2% during trading on Monday . The company 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.

Analysts Set New Price Targets

Several research analysts have weighed in on DATA shares. Deutsche Bank Aktiengesellschaft dropped 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. Peel Hunt restated a “buy” rating and issued a GBX 245 price objective on shares of GlobalData in a report on Monday, October 20th. Shore Capital reiterated 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 report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 225.

GlobalData Stock Up 12.2%

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

Insider Buying and Selling

In other GlobalData news, insider Michael Danson sold 20,000,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of GBX 150, for a total transaction of £30,000,000. Also, insider Peter Harkness sold 9,506 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of GBX 150, for a total transaction of £14,259. In the last three months, insiders sold 20,027,306 shares of company stock valued at $3,004,095,900. Company insiders own 64.44% of the company’s stock.

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.