Informa Plc (INF) PT Raised to GBX 700
Informa Plc (LON:INF) had its price objective boosted by research analysts at Kepler Capital Markets from GBX 672 ($8.32) to GBX 700 ($8.67) in a report released on Wednesday. The brokerage presently has a “hold” rating on the stock. Kepler Capital Markets’ target price would indicate a potential upside of 8.53% from the stock’s current price.
Several other equities research analysts also recently weighed in on the stock. Peel Hunt reaffirmed an “add” rating and issued a GBX 750 ($9.29) price target on shares of Informa Plc in a research note on Monday. Barclays PLC reissued a “restricted” rating on shares of Informa Plc in a research report on Monday, October 3rd. Berenberg Bank raised shares of Informa Plc to a “buy” rating and boosted their target price for the stock from GBX 740 ($9.17) to GBX 800 ($9.91) in a research report on Friday, October 21st. Canaccord Genuity raised shares of Informa Plc to a “buy” rating and boosted their target price for the stock from GBX 692 ($8.57) to GBX 720 ($8.92) in a research report on Friday, October 14th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 877 ($10.86) target price on shares of Informa Plc in a research report on Tuesday, July 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 766.29 ($9.49).
Informa Plc (LON:INF) opened at 651.00 on Wednesday. Informa Plc has a 12-month low of GBX 526.16 and a 12-month high of GBX 704.50. The firm’s 50-day moving average price is GBX 668.45 and its 200 day moving average price is GBX 647.93. The firm’s market cap is GBX 4.22 billion.
In related news, insider Flaschen,David bought 1,000 shares of the company’s stock in a transaction on Friday, September 16th. The shares were purchased at an average cost of GBX 957 ($11.85) per share, for a total transaction of £9,570 ($11,854.33). Also, insider Stephen A. Carter bought 12,500 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was bought at an average price of GBX 720 ($8.92) per share, for a total transaction of £90,000 ($111,482.72).
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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