Informa (LON:INF) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Informa plc (LON:INF)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 834.34 and traded as high as GBX 868.40. Informa shares last traded at GBX 866.20, with a volume of 7,707,000 shares.

Analyst Upgrades and Downgrades

Separately, Citigroup cut their price objective on shares of Informa from GBX 1,000 to GBX 850 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 1,100.83.

Informa Price Performance

The company has a debt-to-equity ratio of 61.56, a quick ratio of 1.70 and a current ratio of 0.44. The firm has a market capitalization of £10.90 billion, a P/E ratio of 1,082.75, a price-to-earnings-growth ratio of 0.75 and a beta of 0.71. The company has a 50-day moving average price of GBX 809.59 and a 200-day moving average price of GBX 834.34.

Insider Transactions at Informa

In related news, insider Stephen A. Carter bought 222 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price of GBX 809 per share, with a total value of £1,795.98. Also, insider Gareth Wright bought 222 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of GBX 809 per share, for a total transaction of £1,795.98. Corporate insiders own 0.23% of the company’s stock.

About Informa

Our events, digital products and academic research services connect specialists with knowledge, helping them learn more, know more and do more.

We do this in dozens of specialist markets and subject matter categories, including in Healthcare & Pharma, Technology, Finance, Education, Marketing, Health & Nutrition, Foodservice, and many more.

And we do this through a range of products and services, including major live events, specialist media and content, expert research articles, books and open research platforms, accredited training, buyer discovery services, and digital demand and lead-generation services.