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GlobalData ( (GB:DATA) ) has issued an update.
GlobalData Plc has announced the purchase of 98,560 of its ordinary shares as part of its ongoing Share Buyback Programme. The repurchased shares will be canceled, reducing the total number of shares in issue and affecting the total voting rights. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:DATA) stock is a Hold with a £119.00 price target. To see the full list of analyst forecasts on GlobalData stock, see the GB:DATA Stock Forecast page.
Spark’s Take on GB:DATA Stock
According to Spark, TipRanks’ AI Analyst, GB:DATA is a Neutral.
GlobalData’s strong financial performance and strategic corporate events, such as share buybacks and market transition plans, are significant positives. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates overvaluation concerns. The overall score reflects a balanced view of these factors.
To see Spark’s full report on GB:DATA stock, click here.
More about GlobalData
GlobalData Plc operates in the data and analytics industry, providing comprehensive insights and analysis across various sectors. The company focuses on delivering strategic intelligence and data solutions to help businesses make informed decisions.
Average Trading Volume: 2,907,430
Technical Sentiment Signal: Sell
Current Market Cap: £804.5M
For detailed information about DATA stock, go to TipRanks’ Stock Analysis page.