Informa Plc (LON:INF) Given “Buy” Rating at Berenberg Bank
Informa Plc (LON:INF)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research report issued on Thursday. They currently have a GBX 800 ($10.45) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 18.52% from the stock’s current price.
Several other research firms have also commented on INF. Barclays PLC lifted their price target on Informa Plc from GBX 730 ($9.53) to GBX 775 ($10.12) and gave the stock an “overweight” rating in a report on Wednesday, June 7th. Shore Capital reiterated a “hold” rating on shares of Informa Plc in a report on Friday, May 26th. Credit Suisse Group reiterated a “neutral” rating and set a GBX 705 ($9.21) price target on shares of Informa Plc in a report on Tuesday, May 30th. Deutsche Bank AG reduced their price target on Informa Plc from GBX 795 ($10.38) to GBX 790 ($10.32) and set a “buy” rating on the stock in a report on Thursday, March 23rd. Finally, Liberum Capital reiterated a “hold” rating and set a GBX 675 ($8.81) price target on shares of Informa Plc in a report on Thursday, June 1st. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 768.53 ($10.04).
Informa Plc (INF) traded down 0.37% during midday trading on Thursday, reaching GBX 675.00. 1,071,918 shares of the company were exchanged. The firm’s 50 day moving average price is GBX 677.65 and its 200-day moving average price is GBX 663.25. Informa Plc has a 52 week low of GBX 480.00 and a 52 week high of GBX 704.50. The stock’s market capitalization is GBX 5.56 billion.
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In related news, insider Gareth Wright acquired 277 shares of Informa Plc stock in a transaction that occurred on Wednesday, May 10th. The shares were purchased at an average cost of GBX 650 ($8.49) per share, for a total transaction of £1,800.50 ($2,351.14).
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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