GlobalData (LON:DATA) Stock Crosses Below 50 Day Moving Average – What’s Next?

GlobalData Plc (LON:DATAGet Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 87.89 and traded as low as GBX 71.90. GlobalData shares last traded at GBX 73.14, with a volume of 1,096,561 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price on GlobalData from GBX 135 to GBX 110 and set a “neutral” rating for the company in a research report on Friday, July 17th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, GlobalData currently has a consensus rating of “Moderate Buy” and an average price target of GBX 173.75.

Check Out Our Latest Research Report on GlobalData

GlobalData Stock Performance

The company has a market capitalization of £507.82 million, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.52 and a beta of 0.71. The stock has a 50 day simple moving average of GBX 87.89 and a 200 day simple moving average of GBX 90.95. 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 announced that its Board of Directors has initiated a stock repurchase program on Tuesday, June 23rd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

GlobalData Company Profile

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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.

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