GlobalData (LON:DATA) Given New GBX 110 Price Target at JPMorgan Chase & Co.

GlobalData (LON:DATA) had its target price reduced by JPMorgan Chase & Co. from GBX 135 to GBX 110 in a research note published on Friday morning, MarketBeat Ratings reports. They currently have a neutral rating on the stock.

GlobalData Price Performance

Shares of LON:DATA opened at GBX 74 on Friday. The company’s fifty day moving average is GBX 90.75 and its two-hundred day moving average is GBX 92.27. The company has a market cap of £513.76 million, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.52 and a beta of 0.71. GlobalData has a 12-month low of GBX 60.60 and a 12-month high of GBX 154. The company has a quick ratio of 0.61, a current ratio of 0.90 and a debt-to-equity ratio of 62.52.

GlobalData declared that its Board of Directors has authorized a share repurchase plan on Tuesday, June 23rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

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.