GlobalData (LON:DATA) Shares Up 10.5% – Time to Buy?

Shares of GlobalData Plc (LON:DATA) traded up 10.5% on Thursday . The company traded as high as GBX 207 ($2.59) and last traded at GBX 205 ($2.56). 4,270,822 shares traded hands during mid-day trading, an increase of 266% from the average session volume of 1,167,526 shares. The stock had previously closed at GBX 185.50 ($2.32).

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their target price on shares of GlobalData from GBX 295 ($3.69) to GBX 300 ($3.75) and gave the stock a “buy” rating in a report on Tuesday, January 14th.

GlobalData Stock Performance

The stock has a market capitalization of £1.61 billion, a price-to-earnings ratio of 5,087.50, a P/E/G ratio of 1.52 and a beta of 0.58. The company’s fifty day simple moving average is GBX 189.64 and its 200 day simple moving average is GBX 201.42. The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.15.

GlobalData Company Profile

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.