Informa Plc’s (LON:INF) “Conviction-Buy” Rating Reiterated at Goldman Sachs Group, Inc. (The)
Informa Plc (LON:INF)‘s stock had its “conviction-buy” rating reissued by equities researchers at Goldman Sachs Group, Inc. (The) in a note issued to investors on Wednesday. They currently have a GBX 863 ($11.24) price target on the stock. Goldman Sachs Group, Inc. (The)’s target price would indicate a potential upside of 24.35% from the stock’s current price.
A number of other research analysts have also recently commented on INF. Liberum Capital lowered their price target on Informa Plc from GBX 715 ($9.31) to GBX 675 ($8.79) and set a “hold” rating on the stock in a report on Tuesday, March 28th. Shore Capital reissued a “hold” rating on shares of Informa Plc in a report on Wednesday, April 19th. Berenberg Bank reissued a “buy” rating and issued a GBX 800 ($10.42) price target on shares of Informa Plc in a report on Thursday, May 11th. Peel Hunt reissued an “add” rating and issued a GBX 740 ($9.64) price target on shares of Informa Plc in a report on Friday, May 26th. Finally, Panmure Gordon reissued a “buy” rating and issued a GBX 875 ($11.40) price target on shares of Informa Plc in a report on Friday, May 26th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 770.33 ($10.04).
Informa Plc (LON:INF) opened at 700.00 on Wednesday. The company has a 50 day moving average of GBX 677.65 and a 200 day moving average of GBX 663.25. The company’s market capitalization is GBX 5.76 billion. Informa Plc has a 52-week low of GBX 480.00 and a 52-week high of GBX 704.50.
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In other news, insider Gareth Wright acquired 277 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were acquired at an average cost of GBX 650 ($8.47) per share, with a total value of £1,800.50 ($2,345.62).
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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