Informa Stock Rating Lowered by Goldman Sachs Group Inc. (INF)
Informa (LON:INF) was downgraded by Goldman Sachs Group Inc. to a “sell” rating in a research note issued on Monday, Analyst Ratings Network.com reports. They currently have a GBX 543 ($8.92) price target on the stock, down from their previous price target of GBX 640 ($10.52). Goldman Sachs Group Inc.’s price objective suggests a potential upside of 6.78% from the stock’s previous close.
Shares of Informa (LON:INF) traded down 1.45% during mid-day trading on Monday, hitting GBX 509.50. 1,477,586 shares of the company’s stock traded hands. Informa has a 1-year low of GBX 465.50 and a 1-year high of GBX 577.00. The stock has a 50-day moving average of GBX 546.6 and a 200-day moving average of GBX 536.8. The company’s market cap is £3.072 billion.
INF has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Informa in a research note to investors on Monday, January 27th. They now have a GBX 610 ($10.02) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Informa in a research note to investors on Monday, January 27th. They now have a GBX 550 ($9.04) price target on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 559.10 ($9.19).
Informa plc provides academics, businesses and individuals with knowledge, information and skills and services.
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