GlobalData (LON:DATA) Shares Cross Below 50 Day Moving Average – What’s Next?

Shares of GlobalData Plc (LON:DATA) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 92.07 and traded as low as GBX 73. GlobalData shares last traded at GBX 74, with a volume of 3,968,043 shares.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price objective on shares of GlobalData from GBX 135 to GBX 110 and set a “neutral” rating for the company in a report on Friday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, GlobalData currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 173.75.

GlobalData Trading Down 1.5%

The firm has a market capitalization of £513.76 million, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.52 and a beta of 0.71. The stock has a 50-day simple moving average of GBX 91.38 and a two-hundred day simple moving average of GBX 92.40. The company has a current ratio of 0.90, a quick ratio of 0.61 and a debt-to-equity ratio of 62.52.

GlobalData declared that its Board of Directors has approved a stock repurchase plan on Tuesday, June 23rd that permits the company to buyback 0 outstanding 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 management believes its stock is undervalued.

GlobalData Company Profile

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.