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GlobalData ( (GB:DATA) ) has issued an update.
GlobalData Plc announced the repurchase of 100,000 of its ordinary shares at an average price of 106.3552 pence per share under its ongoing Share Buyback Programme. The repurchased shares will be canceled, reducing the total number of shares in circulation to 765,242,018. This move is part of the company’s strategy to manage its capital structure, potentially enhancing shareholder value and streamlining voting rights for stakeholders.
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 analytics and consulting industry, offering data, insights, and tools to clients in various sectors to help make informed decisions. The company focuses on delivering comprehensive intelligence on industries, companies, and key markets worldwide.
Average Trading Volume: 2,478,507
Technical Sentiment Signal: Sell
Current Market Cap: £792.6M
For an in-depth examination of DATA stock, go to TipRanks’ Overview page.