tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

GlobalData Shareholders Approve £60 Million Share Buyback

Story Highlights
GlobalData Shareholders Approve £60 Million Share Buyback

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An update from GlobalData ( (GB:DATA) ) is now available.

GlobalData Plc announced that its shareholders have approved a special resolution to authorize the company to buy back up to 40 million ordinary shares at £1.50 per share, as part of a tender offer worth up to £60 million. This move is expected to impact the company’s financial strategy and shareholder value, with the results of the tender offer to be announced on September 8, 2025.

The most recent analyst rating on (GB:DATA) stock is a Buy with a £157.00 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 Outperform.

GlobalData’s overall stock score is bolstered by strong financial performance and positive corporate events. Despite a high P/E ratio suggesting overvaluation, strategic initiatives and strong cash flow management support the stock’s attractiveness. Technical indicators show a bearish trend, which may be a concern for short-term investors.

To see Spark’s full report on GB:DATA stock, click here.

More about GlobalData

GlobalData Plc is a leading provider of industry intelligence, offering insights and analysis across various sectors to help businesses make informed decisions. The company focuses on delivering comprehensive data and analytics solutions to its clients, enhancing their strategic planning and market positioning.

Average Trading Volume: 1,971,548

Technical Sentiment Signal: Sell

Current Market Cap: £1.04B

Learn more about DATA stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1