GlobalData (LON:DATA) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

GlobalData Plc (LON:DATA) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 82.98 and traded as high as GBX 86.40. GlobalData shares last traded at GBX 85.90, with a volume of 833,245 shares trading hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price on shares of GlobalData from GBX 135 to GBX 110 and set a “neutral” rating for the company in a research note on Friday, July 17th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, GlobalData currently has an average rating of “Moderate Buy” and an average price target of GBX 173.75.

GlobalData Price Performance

The firm has a 50 day simple moving average of GBX 82.98 and a two-hundred day simple moving average of GBX 87.68. The company has a market capitalization of £594.41 million, a PE ratio of 19.52, a P/E/G ratio of 1.52 and a beta of 0.71. 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 announced that its board has approved a stock buyback program on Tuesday, June 23rd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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.