Informa Plc Price Target Lowered to GBX 520 at Berenberg Bank (INF)
Stock analysts at Berenberg Bank dropped their price objective on shares of Informa Plc (LON:INF) from GBX 530 ($9.00) to GBX 520 ($8.83) in a report issued on Wednesday. The firm currently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 6.06% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Informa Plc in a research note on Tuesday, July 29th. They now have a GBX 645 ($10.95) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Informa Plc in a research note on Tuesday, July 29th. They now have a GBX 510 ($8.66) price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Informa Plc from GBX 535 ($9.08) to GBX 515 ($8.75) in a research note on Tuesday, July 29th. They now have a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. Informa Plc currently has an average rating of “Hold” and an average target price of GBX 542.02 ($9.20).
Informa Plc (LON:INF) traded up 0.49% during mid-day trading on Wednesday, hitting GBX 490.30. 2,338,540 shares of the company’s stock traded hands. Informa Plc has a one year low of GBX 463.80 and a one year high of GBX 577.00. The stock has a 50-day moving average of GBX 487.7 and a 200-day moving average of GBX 504.9. The company’s market cap is £2.958 billion.
The company also recently announced a dividend, which is scheduled for Thursday, September 11th. Shareholders of record on Wednesday, August 13th will be paid a dividend of GBX 6.40 ($0.11) per share. This represents a dividend yield of 1.32%. The ex-dividend date is Wednesday, August 13th.
Informa plc provides academics, businesses and individuals with knowledge, information and skills and services.
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