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GlobalData ( (GB:DATA) ) has issued an update.
GlobalData PLC has announced the purchase of 88,548 of its ordinary shares as part of its ongoing Share Buyback Programme, with prices ranging from 112.00 to 118.50 pence per share. This transaction reduces the total number of shares in circulation to 766,255,145, impacting the total voting rights and potentially influencing shareholder interests and market dynamics.
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 GB:DATA Stock
According to Spark, TipRanks’ AI Analyst, GB:DATA is a Neutral.
The overall stock score is primarily influenced by solid financial performance, particularly in revenue growth and debt management. However, technical indicators suggest a bearish trend, and the valuation appears high, which could limit upside potential. The lack of earnings call and corporate events data means these factors do not influence the score.
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 data, expert analysis, and innovative solutions to help businesses make informed decisions. The company focuses on delivering insights across various sectors, including technology, healthcare, and consumer goods.
Average Trading Volume: 2,843,364
Technical Sentiment Signal: Sell
Current Market Cap: £871.6M
For an in-depth examination of DATA stock, go to TipRanks’ Overview page.