Informa Plc (INF) Stock Rating Upgraded by Canaccord Genuity
Informa Plc (LON:INF) was upgraded by stock analysts at Canaccord Genuity to a “buy” rating in a research report issued to clients and investors on Friday. The firm presently has a GBX 720 ($8.78) price target on the stock, up from their previous price target of GBX 692 ($8.43). Canaccord Genuity’s price objective indicates a potential upside of 8.93% from the company’s current price.
A number of other research analysts have also recently commented on INF. Barclays PLC upped their target price on shares of Informa Plc from GBX 750 ($9.14) to GBX 765 ($9.32) and gave the company an “overweight” rating in a research report on Monday, July 4th. Berenberg Bank upped their target price on shares of Informa Plc from GBX 725 ($8.84) to GBX 750 ($9.14) and gave the company a “hold” rating in a research report on Wednesday, July 6th. Peel Hunt upped their target price on shares of Informa Plc from GBX 650 ($7.92) to GBX 750 ($9.14) and gave the company a “hold” rating in a research report on Thursday, July 7th. Societe Generale upped their target price on shares of Informa Plc from GBX 780 ($9.51) to GBX 845 ($10.30) and gave the company a “buy” rating in a research report on Friday, July 8th. Finally, Panmure Gordon increased their price target on shares of Informa Plc from GBX 750 ($9.14) to GBX 825 ($10.05) and gave the stock a “buy” rating in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 750.72 ($9.15).
Informa Plc (LON:INF) opened at 678.50 on Friday. Informa Plc has a 12 month low of GBX 518.33 and a 12 month high of GBX 701.54. The stock has a 50 day moving average of GBX 659.74 and a 200-day moving average of GBX 643.76. The stock’s market cap is GBX 4.40 billion.
In other Informa Plc news, insider John Rishton bought 6,945 shares of the stock in a transaction dated Friday, September 23rd. The shares were acquired at an average cost of GBX 714 ($8.70) per share, for a total transaction of £49,587.30 ($60,435.47). Also, insider Stephen A. Carter bought 12,500 shares of the stock in a transaction dated Monday, October 3rd. The shares were acquired at an average price of GBX 720 ($8.78) per share, for a total transaction of £90,000 ($109,689.21).
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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