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GlobalData ( (GB:DATA) ) has provided an announcement.
GlobalData Plc has continued to execute its previously announced share buyback programme, repurchasing 304,919 ordinary shares on 13 May at a volume-weighted average price of 102.37 pence through Investec Bank. The company will cancel the acquired shares, reducing the number of ordinary shares in issue to 753,795,237 and confirming that it holds no treasury shares, a move that marginally enhances earnings per share and adjusts the base for shareholders’ voting-rights calculations under UK disclosure rules.
The most recent analyst rating on (GB:DATA) stock is a Buy with a £170.00 price target. To see the full list of analyst forecasts on GlobalData stock, see the GB:DATA Stock Forecast page.
Spark’s Take on DATA Stock
According to Spark, TipRanks’ AI Analyst, DATA is a Neutral.
The score is primarily supported by steady growth and reliable cash generation, but is held back by increased balance-sheet risk from higher debt and reduced equity. Technicals indicate strong recent momentum but with overbought conditions and a price still below the 200-day average, and valuation looks only fair with a mid-20s P/E and modest yield.
To see Spark’s full report on DATA stock, click here.
More about GlobalData
GlobalData Plc is a London-listed analytics and information services company that provides data, insights and consulting to clients across sectors including technology, healthcare, consumer and financial services. Its subscription-based platforms and research products are used by corporates and investors to inform strategic and market decisions worldwide.
Average Trading Volume: 1,897,259
Technical Sentiment Signal: Hold
Current Market Cap: £760.4M
Find detailed analytics on DATA stock on TipRanks’ Stock Analysis page.