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Are Analysts Backing Shares In Globaldata?

By Ben HobsonStock MarketsNov 25, 2020 09:04
uk.investing.com/analysis/are-analysts-backing-shares-in-globaldata-200450269
Are Analysts Backing Shares In Globaldata?
By Ben Hobson   |  Nov 25, 2020 09:04
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Almost every industry sector has been affected in some way by the Covid-19 crisis. For investors, that means there is a lot of uncertainty about which way large-cap stocks like Globaldata DATA will move over the near term.

Globaldata is one of just 200 shares on the London Stock Exchange that have market valuations in excess of £1.0 billion. Its current market cap stands at £1,786m.

Large-cap shares like this are important because they are held in the investment funds and pension portfolios of millions of savers. So amid the chaos of Covid-19, how has the stock fared?

Over the past 12 months, the Globaldata share price has seen an absolute move of 41.8%. On a relative basis - which take into account the movement of the wider market - the shares have moved by 62.0% over the past year and by -0.50% over the past six months.

But what now?

Do analysts rate it as a buy, sell or hold?

Regardless of recent performance, the main question for investors is what the future holds. In uncertain economic conditions, it's often difficult to get an accurate view. The good news is that analysts generally understand the market's biggest businesses better than most, so they are well-placed to make predictions. That shows up in their Buy, Hold and Sell recommendations.

Among the analysts covering Globaldata, there are currently:

  • 0 Buy recommendations
  • 1 Hold recommendations
  • 0 Sell recommendations

With this kind of information, it's possible to start forming a view about the outlook for any share. A combination of recent price performance and analyst recommendations gives you a flavour of whether the market is expecting a bright future - or whether there are causes for concern.

It's also worth looking at the profile of the stock to understand whether it has strong positive exposure to important factors like Quality, Value and Momentum. On that basis, Stockopedia currently classifies Globaldata as a high flyer. You can read more about what that means here.

What does this mean for potential investors?

Globaldata is one of the most closely watched shares in the market. But while price trends and broker recommendations can give you an idea about the sentiment around a stock, they can't tell you everything.

To get a better understanding of the overall investment case, it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Globaldata that you can find out about here.

Disclaimer: These articles are provided for information purposes only. The content is not intended to be a personal recommendation. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. The author has no position in the stocks mentioned, unless otherwise stated.

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Are Analysts Backing Shares In Globaldata?
 

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Are Analysts Backing Shares In Globaldata?

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Disclaimer: This content should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.
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