JPMorgan Chase & Co. Cuts GlobalData (LON:DATA) Price Target to GBX 90

Key Points

• JPMorgan cut GlobalData’s price target from GBX 110 to GBX 90 while maintaining a “neutral” rating, implying approximately 59.9% upside from the prior close.
• Berenberg also lowered its target to GBX 90 but retained a “buy” rating. Despite the reductions, analysts’ consensus remains “Moderate Buy,” with an average price target of GBX 148.75.
• GlobalData shares opened at GBX 56.30, near the lower end of their 52-week range, while the company recently reported quarterly EPS of GBX 2.70. Insider Michael Danson sold roughly 20.1 million shares for £17.1 million.

GlobalData (LON:DATA - Get Free Report) had its price objective dropped by research analysts at JPMorgan Chase & Co. from GBX 110 to GBX 90 in a report issued on Tuesday, Digital Look reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 59.86% from the stock's previous close.

Separately, Berenberg Bank cut their target price on GlobalData from GBX 105 to GBX 90 and set a "buy" rating on the stock in a report on Tuesday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 148.75.

GlobalData Stock Performance

DATA opened at GBX 56.30 on Tuesday. The company has a debt-to-equity ratio of 71.69, a quick ratio of 0.61 and a current ratio of 0.85. GlobalData has a 52-week low of GBX 52.61 and a 52-week high of GBX 153. The firm has a market cap of £368.43 million, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 1.52 and a beta of 0.72. The business's fifty day moving average is GBX 78.66 and its 200-day moving average is GBX 84.79.

GlobalData (LON:DATA - Get Free Report) last issued its quarterly earnings data on Monday, September 14th. The company reported GBX 2.70 earnings per share for the quarter. GlobalData had a return on equity of 12.09% and a net margin of 10.84%. Sell-side analysts expect that GlobalData will post 9.6687774 EPS for the current fiscal year.

GlobalData declared that its Board of Directors has authorized a share buyback plan on Tuesday, June 23rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other GlobalData news, insider Michael Danson sold 20,117,282 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of GBX 85, for a total value of £17,099,689.70. 67.14% of the stock is currently owned by insiders.

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.

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