Informa Plc (INF) Stock Rating Upgraded by Canaccord Genuity
Informa Plc (LON:INF) was upgraded by analysts at Canaccord Genuity to a “buy” rating in a note issued to investors on Friday. The firm presently has a GBX 720 ($8.91) price target on the stock. Canaccord Genuity’s price objective suggests a potential upside of 11.20% from the stock’s current price.
Several other equities analysts have also recently commented on INF. Barclays PLC upped their price target on Informa Plc from GBX 750 ($9.28) to GBX 765 ($9.47) and gave the company an “overweight” rating in a report on Monday, July 4th. Berenberg Bank upped their price target on Informa Plc from GBX 725 ($8.97) to GBX 750 ($9.28) and gave the company a “hold” rating in a report on Wednesday, July 6th. Peel Hunt upped their price target on Informa Plc from GBX 650 ($8.04) to GBX 750 ($9.28) and gave the company a “hold” rating in a report on Thursday, July 7th. Societe Generale upped their price target on Informa Plc from GBX 780 ($9.65) to GBX 845 ($10.46) and gave the company a “buy” rating in a report on Friday, July 8th. Finally, Panmure Gordon upped their price target on Informa Plc from GBX 750 ($9.28) to GBX 825 ($10.21) and gave the company a “buy” rating in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Informa Plc has a consensus rating of “Buy” and a consensus price target of GBX 750.72 ($9.29).
Informa Plc (LON:INF) opened at 659.00 on Friday. Informa Plc has a 12 month low of GBX 518.33 and a 12 month high of GBX 701.54. The firm’s 50-day moving average price is GBX 659.41 and its 200-day moving average price is GBX 643.39. The firm’s market cap is GBX 4.27 billion.
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In related news, insider Flaschen,David purchased 1,000 shares of Informa Plc stock in a transaction dated Friday, September 16th. The shares were acquired at an average cost of GBX 957 ($11.84) per share, for a total transaction of £9,570 ($11,844.06). Also, insider Stephen A. Carter purchased 12,500 shares of Informa Plc stock in a transaction dated Monday, October 3rd. The stock was bought at an average price of GBX 720 ($8.91) per share, for a total transaction of £90,000 ($111,386.14).
Informa Plc Company Profile
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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