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

GlobalData Plc (LON:DATA) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 113.09 and traded as low as GBX 105.50. GlobalData shares last traded at GBX 106, with a volume of 1,169,960 shares traded.

Analysts Set New Price Targets

DATA has been the subject of several analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 170 target price on shares of GlobalData in a report on Wednesday, January 14th. Shore Capital restated a “buy” rating on shares of GlobalData in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reduced their price target on GlobalData from GBX 195 to GBX 170 and set a “buy” rating on the stock in a report on Monday, October 20th. Finally, Peel Hunt restated a “buy” rating and set a GBX 245 price objective on shares of GlobalData in a report on Monday, October 20th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, GlobalData has an average rating of “Buy” and a consensus target price of GBX 195.

GlobalData Price Performance

The firm has a market capitalization of £754.39 million, a PE ratio of 53.00, a P/E/G ratio of 1.52 and a beta of 0.58. The company has a debt-to-equity ratio of 5.16, a quick ratio of 0.61 and a current ratio of 1.25. The stock has a fifty day moving average price of GBX 113.09 and a 200-day moving average price of GBX 122.68.

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. This model governs everything we do, from how we develop and manage our products, to our approach to sales and customer success, and supporting business operations.