Informa Price Target Cut to GBX 590 (INF)
Deutsche Bank dropped their target price on shares of Informa (LON:INF) from GBX 610 ($9.74) to GBX 590 ($9.42) in a research note issued on Tuesday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 13.46% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at AlphaValue upgraded shares of Informa to an “add” rating in a research note to investors on Friday. They now have a GBX 554.40 ($8.85) price target on the stock, up previously from GBX 550.50 ($8.79). Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Informa in a research note to investors on Thursday, October 10th. They now have a GBX 630 ($10.06) price target on the stock. Finally, analysts at Westhouse Securities downgraded shares of Informa from an “add” rating to a “neutral” rating in a research note to investors on Thursday, October 10th. They now have a GBX 513 ($8.19) price target on the stock, down previously from GBX 570 ($9.10). One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 544.24 ($8.69).
Informa (LON:INF) traded down 0.95% on Tuesday, hitting GBX 520.00. The stock had a trading volume of 1,139,579 shares. Informa has a one year low of GBX 377.70 and a one year high of GBX 550.00. The stock’s 50-day moving average is GBX 524.3 and its 200-day moving average is GBX 510.0. The company’s market cap is £3.135 billion.
Informa plc provides academics, businesses and individuals with knowledge, information and skills and services.
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