GlobalData (LON:DATA) Stock Breaks Above 50-Day Moving Average – Here’s Why

Shares of GlobalData Plc (LON:DATA) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 65.24 and traded as high as GBX 66.15. GlobalData shares last traded at GBX 65.40, with a volume of 15,692,030 shares trading hands.

Wall Street Analysts Forecast Growth

DATA has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of GlobalData from GBX 110 to GBX 90 and set a “neutral” rating on the stock in a report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft cut shares of GlobalData to a “buy” rating and lifted their price objective for the company from GBX 98 to GBX 170 in a report on Tuesday, September 15th. Finally, Berenberg Bank reduced their price objective on shares of GlobalData from GBX 105 to GBX 90 and set a “buy” rating for the company in a report on Tuesday, September 15th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 116.67.

GlobalData Price Performance

The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 71.69. The business has a fifty day simple moving average of GBX 65.24 and a 200 day simple moving average of GBX 82.41. The stock has a market capitalization of £424.93 million, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72.

GlobalData (LON:DATA) last issued its quarterly earnings data on Monday, September 14th. The company reported GBX 2.70 EPS for the quarter. GlobalData had a return on equity of 12.09% and a net margin of 10.84%. On average, analysts expect that GlobalData Plc will post 9.67 earnings per share for the current year.

Insider Activity

In related news, insider Michael Danson sold 20,117,282 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of GBX 85, for a total transaction of £17,099,689.70. 67.11% of the stock is currently owned by 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.