Deutsche Bank Aktiengesellschaft Lowers GlobalData (LON:DATA) Price Target to GBX 170

Key Points

• Deutsche Bank Aktiengesellschaft has lowered its price target for GlobalData from GBX 195 to GBX 170, while maintaining a "buy" rating, suggesting an estimated upside of 49.77% from the stock's last close.
• Other analysts like Peel Hunt and Berenberg Bank continue to endorse GlobalData with "buy" ratings, setting targets as high as GBX 260.
• Insider transactions indicate significant selling activity, with insiders offloading over 20 million shares totaling approximately £3.08 billion recently.

GlobalData (LON:DATA - Get Free Report) had its price objective decreased by Deutsche Bank Aktiengesellschaft from GBX 195 to GBX 170 in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 49.77% from the stock's previous close.

A number of other analysts also recently issued reports on the company. Peel Hunt reaffirmed a "buy" rating and issued a GBX 245 target price on shares of GlobalData in a research report on Monday. Shore Capital restated a "buy" rating on shares of GlobalData in a report on Tuesday, July 15th. Finally, Berenberg Bank restated a "buy" rating and set a GBX 260 price objective on shares of GlobalData in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, GlobalData has an average rating of "Buy" and an average price target of GBX 225.

GlobalData Stock Performance

Shares of GlobalData stock opened at GBX 113.51 on Monday. The company has a market capitalization of £809.83 million, a PE ratio of 56.75, a PEG ratio of 1.52 and a beta of 0.58. GlobalData has a 12 month low of GBX 107 and a 12 month high of GBX 217. The company has a current ratio of 1.25, a quick ratio of 0.61 and a debt-to-equity ratio of 5.16. The stock's fifty day simple moving average is GBX 132.69 and its 200 day simple moving average is GBX 147.57.

GlobalData (LON:DATA - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported GBX 3 earnings per share (EPS) for the quarter. GlobalData had a return on equity of 12.99% and a net margin of 11.96%. On average, research analysts predict that GlobalData will post 9.6687774 EPS for the current year.

Insider Transactions at GlobalData

In other news, insider Graham Lilley sold 536,428 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of GBX 143, for a total transaction of £767,092.04. Also, insider Peter Harkness sold 17,800 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of GBX 150, for a total transaction of £26,700. Over the last ninety days, insiders sold 20,563,734 shares of company stock worth $3,080,805,104. Corporate insiders own 61.00% of the company's stock.

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.

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