GlobalData (LON:DATA) Trading Up 12.2% – Still a Buy?

GlobalData Plc (LON:DATA)’s share price shot up 12.2% during mid-day trading on Monday . The stock 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 Ratings Changes

Several equities research analysts recently commented on DATA shares. Peel Hunt reiterated a “buy” rating and set a GBX 245 price target on shares of GlobalData in a research note on Monday, October 20th. Shore Capital reaffirmed a “buy” rating on shares of GlobalData in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft cut 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. 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 225.

GlobalData Trading Up 12.2%

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 capitalization of £795.53 million, a price-to-earnings ratio of 55.75, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The business’s 50 day simple moving average is GBX 118.18 and its 200 day simple moving average is GBX 139.72.

Insider Buying and Selling

In related news, insider Graham Lilley purchased 23,961 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were purchased at an average price of GBX 125 per share, for a total transaction of £29,951.25. Also, insider Michael Danson sold 20,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of GBX 150, for a total value of £30,000,000. Insiders have sold a total of 20,027,306 shares of company stock valued at $3,004,095,900 over the last quarter. 64.44% of the stock is currently 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.