GlobalData (LON:DATA) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

GlobalData Plc (LON:DATA) shares 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 trading hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on DATA. Peel Hunt reissued a “buy” rating and set a GBX 245 price objective on shares of GlobalData in a report on Monday, October 20th. Shore Capital reiterated a “buy” rating on shares of GlobalData in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft lowered 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, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 170 price objective on shares of GlobalData in a report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 195.

GlobalData Stock Performance

The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.16. The business has a 50 day moving average price of GBX 113.09 and a two-hundred day moving average price of GBX 122.68. The stock has a market cap of £754.39 million, a P/E ratio of 53.00, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58.

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.