Informa (LON:INF) Rating Reiterated by Berenberg Bank

Informa (LON:INF)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued on Friday, Digital Look reports. They currently have a GBX 625 ($8.22) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 30.10% from the stock’s previous close.

A number of other brokerages also recently commented on INF. UBS Group reaffirmed a “buy” rating and set a GBX 700 ($9.21) target price (down from GBX 860 ($11.31)) on shares of Informa in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. reduced their target price on shares of Informa from GBX 791 ($10.41) to GBX 627 ($8.25) and set an “overweight” rating on the stock in a research note on Friday, March 20th. Goldman Sachs Group raised shares of Informa to a “buy” rating and set a GBX 515 ($6.77) target price on the stock in a research note on Wednesday, May 13th. Barclays reduced their target price on shares of Informa from GBX 710 ($9.34) to GBX 530 ($6.97) and set an “overweight” rating on the stock in a research note on Monday, March 23rd. Finally, Kepler Capital Markets reduced their target price on shares of Informa from GBX 910 ($11.97) to GBX 885 ($11.64) and set a “buy” rating on the stock in a research note on Monday, March 9th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Informa has a consensus rating of “Buy” and a consensus target price of GBX 708.82 ($9.32).

Shares of LON:INF traded up GBX 26 ($0.34) during midday trading on Friday, hitting GBX 480.40 ($6.32). The company’s stock had a trading volume of 2,135,948 shares, compared to its average volume of 3,640,000. The business’s 50 day simple moving average is GBX 438.80 and its 200 day simple moving average is GBX 656.05. The company has a debt-to-equity ratio of 49.19, a quick ratio of 0.35 and a current ratio of 0.46. The company has a market cap of $6.89 billion and a P/E ratio of 26.69. Informa has a 12-month low of GBX 326.70 ($4.30) and a 12-month high of GBX 900.80 ($11.85).

In related news, insider Stephen Davidson acquired 1,600 shares of Informa stock in a transaction dated Tuesday, March 17th. The stock was acquired at an average price of GBX 470 ($6.18) per share, for a total transaction of £7,520 ($9,892.13). Also, insider Derek Mapp purchased 2,964 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were acquired at an average price of GBX 439 ($5.77) per share, with a total value of £13,011.96 ($17,116.50).

Informa Company Profile

Informa plc engages in business intelligence, academic publishing, and knowledge and events businesses worldwide. The company operates through Academic Publishing, Business Intelligence, Global Exhibitions, and Knowledge & Networking segments. The Academic Publishing segment publishes academic books and journals in print and digital formats for university libraries and departments, specialist research institutions, and individuals in the areas of humanities and social sciences, science, technology, and medicine.

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Analyst Recommendations for Informa (LON:INF)

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