GlobalData (LON:DATA) Lowered to Buy Rating by Deutsche Bank Aktiengesellschaft

GlobalData (LON:DATA) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft to a “buy” rating in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 170 price target on the stock, up from their prior price target of GBX 98. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 201.95% from the company’s previous close.

A number of other research analysts have also commented on the stock. 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 research note on Tuesday. Berenberg Bank dropped their price target on GlobalData from GBX 105 to GBX 90 and set a “buy” rating on the stock in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 148.75.

GlobalData Trading Down 3.3%

DATA opened at GBX 56.30 on Tuesday. The company has a debt-to-equity ratio of 71.69, a current ratio of 0.85 and a quick ratio of 0.61. GlobalData has a 12-month low of GBX 52.61 and a 12-month high of GBX 153. The firm’s fifty day moving average price is GBX 78.66 and its 200 day moving average price is GBX 84.79. The stock has a market capitalization of £368.43 million, a PE ratio of 12.80, a P/E/G ratio of 1.52 and a beta of 0.72.

GlobalData (LON:DATA) last announced its quarterly earnings data on Monday, September 14th. The company reported GBX 2.70 earnings per share for the quarter. GlobalData had a net margin of 10.84% and a return on equity of 12.09%. As a group, research analysts expect that GlobalData will post 9.6687774 EPS for the current fiscal year.

GlobalData announced that its Board of Directors has initiated a stock buyback plan on Tuesday, June 23rd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Insider Transactions at GlobalData

In other GlobalData news, insider Michael Danson sold 20,117,282 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of GBX 85, for a total value of £17,099,689.70. Company insiders own 67.14% of the company’s stock.

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.