Informa Plc (INF) Upgraded by Investec to Buy
Informa Plc (LON:INF) was upgraded by equities research analysts at Investec to a “buy” rating in a research note issued on Tuesday. The firm presently has a GBX 706 ($8.60) price target on the stock, down from their prior price target of GBX 728 ($8.87). Investec’s price objective indicates a potential upside of 6.81% from the stock’s current price.
A number of other research firms also recently issued reports on INF. Shore Capital restated a “hold” rating on shares of Informa Plc in a research note on Tuesday, July 26th. Panmure Gordon restated a “buy” rating and issued a GBX 825 ($10.05) price target on shares of Informa Plc in a research note on Tuesday, July 26th. Numis Securities Ltd restated an “under review” rating on shares of Informa Plc in a research note on Thursday, July 28th. Canaccord Genuity restated a “hold” rating and issued a GBX 755 ($9.20) price target on shares of Informa Plc in a research note on Thursday, July 28th. Finally, Peel Hunt restated a “hold” rating and issued a GBX 750 ($9.14) price target on shares of Informa Plc in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of GBX 754.28 ($9.19).
Informa Plc (LON:INF) traded up 2.42% during trading on Tuesday, reaching GBX 677.00. The company had a trading volume of 2,044,994 shares. The firm’s 50-day moving average price is GBX 659.74 and its 200 day moving average price is GBX 643.76. The firm’s market capitalization is GBX 4.39 billion. Informa Plc has a one year low of GBX 518.33 and a one year high of GBX 701.54.
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In other Informa Plc news, insider Stephen A. Carter bought 12,500 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was acquired at an average price of GBX 720 ($8.78) per share, for a total transaction of £90,000 ($109,689.21). Also, insider John Rishton bought 6,945 shares of the company’s stock in a transaction on Friday, September 23rd. The shares were acquired at an average price of GBX 714 ($8.70) per share, with a total value of £49,587.30 ($60,435.47).
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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