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GlobalData ( (GB:DATA) ) has provided an update.
GlobalData PLC has executed a share buyback program, purchasing 94,854 of its ordinary shares at prices ranging from 107.50 to 111.00 pence. This move reduces the total number of shares in circulation to 765,528,652, potentially impacting shareholder voting rights and market perception of the company’s 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 business intelligence industry, providing data analytics and insights services. The company focuses on delivering comprehensive data solutions to various sectors, helping businesses make informed decisions.
Average Trading Volume: 2,498,279
Technical Sentiment Signal: Sell
Current Market Cap: £811.3M
For a thorough assessment of DATA stock, go to TipRanks’ Stock Analysis page.