GlobalData (LON:DATA) Trading 0.5% Higher - Time to Buy?

GlobalData Plc (LON:DATA - Get Free Report)'s share price traded up 0.5% during trading on Tuesday . The company traded as high as GBX 203 ($2.57) and last traded at GBX 203 ($2.57). 433,877 shares were traded during trading, a decline of 54% from the average session volume of 946,769 shares. The stock had previously closed at GBX 202 ($2.56).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank assumed coverage on GlobalData in a research note on Wednesday, September 11th. They set a "buy" rating and a GBX 295 ($3.74) price objective for the company.

GlobalData Stock Up 2.5 %

The firm has a market cap of £1.64 billion, a P/E ratio of 5,075.00, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.15. The firm has a fifty day moving average of GBX 199.74 and a 200-day moving average of GBX 211.93.

About GlobalData

GlobalData Plc, together with its subsidiaries, provides business information in the form of proprietary data, analytics, and insights in Europe, North America, and the Asia Pacific. The company also offers performance advertising services. It serves aerospace, defense, and security; agribusiness; apparel; automotive; banking and payments; construction; consumer; food services; healthcare; insurance; medical devices; mining; oil and gas; packaging; pharmaceutical; power; retail; technology; travel and tourism; and sport industries, as well as public sectors.