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

GlobalData Plc (LON:DATA)’s stock price shot up 12.2% during trading on Monday . The stock traded as high as GBX 112.50 and last traded at GBX 111.50. 7,594,019 shares changed hands during trading, an increase of 232% from the average session volume of 2,284,868 shares. The stock had previously closed at GBX 99.40.

Wall Street Analysts Forecast Growth

DATA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut their price objective on GlobalData from GBX 195 to GBX 170 and set a “buy” rating on the stock in a report on Monday, October 20th. Peel Hunt reissued a “buy” rating and set a GBX 245 target price on shares of GlobalData in a research report on Monday, October 20th. Shore Capital reaffirmed a “buy” rating on shares of GlobalData in a research report on Thursday, October 30th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 260 price objective 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 has an average rating of “Buy” and a consensus target price of GBX 225.

GlobalData Price Performance

The company has a debt-to-equity ratio of 5.16, a current ratio of 1.25 and a quick ratio of 0.61. The company has a market cap 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 company has a 50-day moving average price of GBX 118.95 and a two-hundred day moving average price of GBX 140.24.

Insiders Place Their Bets

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

GlobalData Company Profile

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.