GlobalData (LON:DATA) Reaches New 12-Month High – What’s Next?

Shares of GlobalData Plc (LON:DATA) hit a new 52-week high during mid-day trading on Friday . The company traded as high as £201.50 ($262.30) and last traded at GBX 201.50 ($2.62), with a volume of 1909799 shares. The stock had previously closed at GBX 202 ($2.63).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank initiated coverage on GlobalData in a report on Wednesday, September 11th. They set a “buy” rating and a GBX 295 ($3.84) price objective on the stock.

GlobalData Price Performance

The company has a market capitalization of £1.59 billion, a price-to-earnings ratio of 5,050.00, a P/E/G ratio of 1.52 and a beta of 0.58. The stock has a fifty day simple moving average of GBX 202.43 and a 200-day simple moving average of GBX 214.40. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.25 and a quick ratio of 0.61.

Insider Transactions at GlobalData

In other GlobalData news, insider Graham Lilley sold 250,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of GBX 225 ($2.93), for a total transaction of £562,500 ($732,231.19). Insiders own 66.45% of the company’s stock.

About GlobalData

GlobalData Plc, together with its subsidiaries, provides business information in the form of proprietary data, analytics, and insights in Europe, North America, and the Asia Pacific. The company also offers performance advertising services. It serves aerospace, defense, and security; agribusiness; apparel; automotive; banking and payments; construction; consumer; food services; healthcare; insurance; medical devices; mining; oil and gas; packaging; pharmaceutical; power; retail; technology; travel and tourism; and sport industries, as well as public sectors.