Informa Plc (INF) Given Average Recommendation of “Hold” by Brokerages
Informa Plc (LON:INF) has received an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the stock. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is GBX 753 ($9.32).
A number of brokerages recently commented on INF. Deutsche Bank AG increased their price objective on shares of Informa Plc from GBX 730 ($9.03) to GBX 770 ($9.53) and gave the company a “buy” rating in a research note on Friday, July 15th. Peel Hunt reaffirmed a “hold” rating and set a GBX 750 ($9.28) price target on shares of Informa Plc in a research note on Thursday, September 22nd. Liberum Capital reaffirmed a “hold” rating and set a GBX 740 ($9.16) price target on shares of Informa Plc in a research note on Thursday, September 15th. Panmure Gordon raised their price target on shares of Informa Plc from GBX 750 ($9.28) to GBX 825 ($10.21) and gave the stock a “buy” rating in a research note on Tuesday, July 12th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a GBX 755 ($9.34) price target on shares of Informa Plc in a research note on Thursday, July 28th.
Shares of Informa Plc (LON:INF) traded down 1.58% during midday trading on Wednesday, reaching GBX 654.50. 3,890,985 shares of the company traded hands. The company’s 50 day moving average is GBX 713.56 and its 200-day moving average is GBX 697.81. The stock’s market capitalization is GBX 4.24 billion. Informa Plc has a 12 month low of GBX 563.00 and a 12 month high of GBX 762.00.
In related news, insider John Rishton purchased 6,945 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The stock was acquired at an average price of GBX 714 ($8.84) per share, for a total transaction of £49,587.30 ($61,370.42). Also, insider Stephen A. Carter purchased 12,500 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was bought at an average price of GBX 720 ($8.91) per share, with a total value 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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