Informa PLC Lowered to Sell at N+1 Singer (INF)
Informa PLC (LON:INF) was downgraded by equities researchers at N+1 Singer to a “sell” rating in a research report issued on Thursday. They currently have a GBX 430 ($7.30) price objective on the stock, down from their previous price objective of GBX 550 ($9.34). N+1 Singer’s price objective suggests a potential downside of 11.74% from the company’s current price.
Shares of Informa PLC (LON:INF) traded down 2.15% on Thursday, hitting GBX 487.20. The stock had a trading volume of 1,249,191 shares. Informa PLC has a 52 week low of GBX 495.00 and a 52 week high of GBX 525.00. The stock has a 50-day moving average of GBX 492.3 and a 200-day moving average of GBX 523.5. The company’s market cap is £2.933 billion.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “sell” rating on shares of Informa PLC in a research note on Tuesday. They now have a GBX 450 ($7.64) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Informa PLC in a research note on Friday, June 13th. They now have a GBX 535 ($9.08) price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Informa PLC from GBX 543 ($9.22) to GBX 527 ($8.95) in a research note on Thursday, June 12th. They now have a “sell” rating on the stock. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the stock. Informa PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 543.48 ($9.23).
Informa plc provides academics, businesses and individuals with knowledge, information and skills and services.
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