GlobalData (LON:DATA) Shares Up 6.3% - What's Next?

GlobalData Plc (LON:DATA - Get Free Report) was up 6.3% on Wednesday . The company traded as high as GBX 144.40 ($1.92) and last traded at GBX 143.50 ($1.90). Approximately 1,321,519 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 1,933,064 shares. The stock had previously closed at GBX 135 ($1.79).

Analysts Set New Price Targets

DATA has been the subject of a number of research reports. Berenberg Bank boosted their price target on shares of GlobalData from GBX 295 ($3.91) to GBX 300 ($3.98) and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Shore Capital restated a "buy" rating on shares of GlobalData in a research report on Friday.

GlobalData Stock Up 0.7 %

The company has a 50 day moving average price of GBX 154.35 and a 200-day moving average price of GBX 179.93. The company has a debt-to-equity ratio of 5.16, a current ratio of 1.25 and a quick ratio of 0.61. The stock has a market capitalization of £1.57 billion, a PE ratio of 46.69, a PEG ratio of 1.52 and a beta of 0.58.

GlobalData (LON:DATA - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The company reported GBX 7.50 ($0.10) earnings per share (EPS) for the quarter. GlobalData had a return on equity of 12.99% and a net margin of 11.96%. As a group, analysts forecast that GlobalData Plc will post 9.6687774 earnings per share for the current fiscal year.

GlobalData Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, May 2nd. Stockholders of record on Thursday, March 20th will be given a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, March 20th. GlobalData's dividend payout ratio is presently 119.48%.

Insider Transactions at GlobalData

In other news, insider Michael Danson sold 2,000,000 shares of GlobalData stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of GBX 195 ($2.59), for a total value of £3,900,000 ($5,173,786.15). Insiders own 66.45% of the company's stock.

About GlobalData

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.