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GlobalData ( (GB:DATA) ) has shared an update.
GlobalData Plc has announced the commencement of a share buyback programme with a maximum consideration of £10 million, aimed at returning surplus capital to shareholders and reducing the company’s share capital. The buyback will be executed on the London Stock Exchange, adhering to regulatory conditions, and involves non-discretionary arrangements with Investec Bank plc to manage the process.
The most recent analyst rating on (GB:DATA) stock is a Hold with a £116.00 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 cash flow management and debt reduction. However, bearish technical indicators and a high P/E ratio suggest caution. The lack of earnings call data and corporate events limits additional insights.
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 insights and analysis across various sectors. The company focuses on delivering business intelligence and analytics solutions to help clients make informed decisions.
Average Trading Volume: 2,623,932
Technical Sentiment Signal: Sell
Current Market Cap: £827.2M
For a thorough assessment of DATA stock, go to TipRanks’ Stock Analysis page.