Informa Plc (INF) Given “Hold” Rating at Peel Hunt
Informa Plc (LON:INF)‘s stock had its “hold” rating reissued by equities researchers at Peel Hunt in a research note issued on Thursday. They currently have a GBX 750 ($9.79) price target on the stock. Peel Hunt’s price target would suggest a potential upside of 2.67% from the company’s current price.
A number of other brokerages have also commented on INF. Shore Capital reiterated a “hold” rating on shares of Informa Plc in a report on Tuesday, July 26th. Panmure Gordon reiterated a “buy” rating and set a GBX 825 ($10.77) price target on shares of Informa Plc in a report on Tuesday, July 26th. Numis Securities Ltd reiterated an “under review” rating on shares of Informa Plc in a report on Thursday, July 28th. Canaccord Genuity reissued a “hold” rating and set a GBX 755 ($9.86) target price on shares of Informa Plc in a research note on Thursday, July 28th. Finally, Deutsche Bank AG lifted their target price on shares of Informa Plc from GBX 730 ($9.53) to GBX 770 ($10.05) and gave the stock a “buy” rating in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Informa Plc presently has an average rating of “Buy” and an average target price of GBX 752.67 ($9.82).
Shares of Informa Plc (LON:INF) opened at 731.50 on Thursday. The company’s market cap is GBX 4.74 billion. The company has a 50 day moving average of GBX 713.21 and a 200-day moving average of GBX 695.46. Informa Plc has a 52-week low of GBX 545.50 and a 52-week high of GBX 762.00.
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The company also recently declared a dividend, which was paid on Friday, September 9th. Investors of record on Thursday, August 11th were issued a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 0.93%. The ex-dividend date was Thursday, August 11th.
In other news, insider Flaschen,David purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The shares were acquired at an average cost of GBX 957 ($12.49) per share, for a total transaction of £9,570 ($12,491.84).
About Informa Plc
Informa plc provides academics, businesses and individuals with knowledge, information and skills and services. It operates in three segments: academic information, which includes the Taylor & Francis publishing business, provides a portfolio of online and print publications, primarily for academic users across the spectrum of science, technology, humanities and social sciences; professional and commercial information, which include Datamonitor, Informa Business Information and Informa Financial Information provides information, across a range of formats and on a global basis, to a variety of sectors, including medical, pharmaceutical, maritime and telecoms, and events and training consists of trade shows and exhibitions, large and small conferences and training courses.
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