Berenberg Bank Cuts GlobalData (LON:DATA) Price Target to GBX 90

GlobalData (LON:DATA) had its price target reduced by research analysts at Berenberg Bank from GBX 105 to GBX 90 in a report issued on Tuesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 59.86% from the stock’s previous close.

Separately, JPMorgan Chase & Co. dropped their price objective on GlobalData from GBX 135 to GBX 110 and set a “neutral” rating for the company in a research note on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, GlobalData currently has an average rating of “Moderate Buy” and an average price target of GBX 148.75.

GlobalData Price Performance

LON DATA opened at GBX 56.30 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 71.69. GlobalData has a 1 year low of GBX 52.61 and a 1 year high of GBX 153. The company has a fifty day simple moving average of GBX 78.66 and a 200 day simple moving average of GBX 84.79. The company has a market cap of £368.43 million, a P/E ratio of 12.80, a P/E/G ratio of 1.52 and a beta of 0.72.

GlobalData (LON:DATA) last posted its quarterly earnings data on Monday, September 14th. The company reported GBX 2.70 earnings per share for the quarter. GlobalData had a return on equity of 12.09% and a net margin of 10.84%. On average, sell-side analysts predict that GlobalData will post 9.6687774 EPS for the current year.

GlobalData declared that its Board of Directors has initiated a share buyback plan on Tuesday, June 23rd that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, insider Michael Danson sold 20,117,282 shares of GlobalData stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of GBX 85, for a total transaction of £17,099,689.70. 67.14% of the stock is owned by company insiders.

About GlobalData

GlobalData operates an intelligence platform that empowers leaders to act decisively in a world of complexity and change.

By uniting proprietary data, human expertise, and purpose-built AI into a single, connected platform, we help organizations see what’s coming, move faster, and lead with confidence.

Our solutions are used by over 5,000 organizations across the world’s largest industries, delivering tailored intelligence that supports strategic planning, innovation, risk management, and sustainable growth.

Strategic Priorities
GlobalData’s four strategic priorities are: Customer Obsession, World Class Product, Sales Excellence and Operational Agility.