Informa Plc (INF) Receives GBX 768.53 Consensus Target Price from Analysts
Informa Plc (LON:INF) has received a consensus rating of “Buy” from the seventeen research firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 775 ($10.22).
INF has been the topic of several recent analyst reports. Peel Hunt reaffirmed an “add” rating and issued a GBX 740 ($9.76) price target on shares of Informa Plc in a research note on Friday, May 26th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 825 ($10.88) price target on shares of Informa Plc in a research note on Tuesday, July 25th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 790 ($10.42) price objective on shares of Informa Plc in a report on Tuesday, May 30th. Panmure Gordon reiterated a “buy” rating and issued a GBX 875 ($11.54) price objective on shares of Informa Plc in a report on Friday, May 26th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 800 ($10.55) price objective on shares of Informa Plc in a report on Thursday, May 11th.
In related news, insider Gareth Wright purchased 277 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were bought at an average price of GBX 650 ($8.57) per share, for a total transaction of £1,800.50 ($2,375.02).
Shares of Informa Plc (LON:INF) opened at 710.50 on Friday. Informa Plc has a 1-year low of GBX 480.00 and a 1-year high of GBX 711.50. The firm has a 50-day moving average price of GBX 680.52 and a 200-day moving average price of GBX 663.33. The stock’s market cap is GBX 5.85 billion.
The business also recently declared a dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 10th will be issued a dividend of GBX 6.65 ($0.09) per share. The ex-dividend date is Thursday, August 10th. This represents a yield of 0.96%.
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About Informa Plc
Informa PLC, together with its subsidiaries, operates in business intelligence, academic publishing, and knowledge and events businesses worldwide. It operates in five segments: Academic Publishing, Business Intelligence, Global Exhibitions, Knowledge & Networking, and Penton Information Services.
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