GlobalData (LON:DATA) Shares Up 10.5% - Here's What Happened

GlobalData Plc (LON:DATA - Get Free Report)'s stock price was up 10.5% on Thursday . The company traded as high as GBX 207 ($2.57) and last traded at GBX 205 ($2.54). Approximately 4,270,822 shares changed hands during trading, an increase of 266% from the average daily volume of 1,167,526 shares. The stock had previously closed at GBX 185.50 ($2.30).

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their price target on shares of GlobalData from GBX 295 ($3.66) to GBX 300 ($3.72) and gave the company a "buy" rating in a report on Tuesday, January 14th.

GlobalData Stock Performance

The stock has a market capitalization of £1.54 billion, a PE ratio of 4,875.00, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The business's fifty day moving average is GBX 189.39 and its two-hundred day moving average is GBX 201.35. The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.15.

About GlobalData

GlobalData Plc is a leading data, insights, and analytics platform for the world's largest industries. Our mission is to help our clients decode the future, make better decisions, and reach more customers. One Platform Model GlobalData's One Platform model is the foundation of our business and is the result of years of continuous investment, targeted acquisitions, and organic development.