GlobalData (LON:DATA) Trading Up 0.9% – Should You Buy?

GlobalData Plc (LON:DATA) shot up 0.9% during trading on Monday . The company traded as high as GBX 112 and last traded at GBX 110. 328,334 shares changed hands during trading, a decline of 85% from the average session volume of 2,243,110 shares. The stock had previously closed at GBX 109.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Berenberg Bank cut their target price on GlobalData from GBX 260 to GBX 170 and set a “buy” rating for the company in a research report on Friday, November 28th. 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 reaffirmed a “buy” rating on shares of GlobalData in a research note on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of GlobalData from GBX 195 to GBX 170 and set a “buy” rating on the stock in a research report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 195.

GlobalData Price Performance

The stock has a 50 day moving average of GBX 108.66 and a two-hundred day moving average of GBX 127.07. 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 stock has a market cap of £788.18 million, a PE ratio of 55.25, a PEG ratio of 1.52 and a beta of 0.58.

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. This model governs everything we do, from how we develop and manage our products, to our approach to sales and customer success, and supporting business operations.