Informa (LON:INF) Earns “Overweight” Rating from Morgan Stanley
Morgan Stanley reissued their overweight rating on shares of Informa (LON:INF) in a research report released on Monday, ThisIsMoney.Co.Uk reports.
Several other equities research analysts also recently weighed in on INF. Berenberg Bank cut their price objective on Informa from GBX 890 ($11.63) to GBX 845 ($11.04) and set a hold rating on the stock in a report on Wednesday, October 23rd. UBS Group reissued a buy rating and set a GBX 905 ($11.83) price objective (down previously from GBX 960 ($12.54)) on shares of Informa in a report on Thursday, October 24th. Barclays reissued a neutral rating and set a GBX 925 ($12.09) price objective (down previously from GBX 1,000 ($13.07)) on shares of Informa in a report on Thursday, October 31st. Liberum Capital reissued a buy rating on shares of Informa in a report on Wednesday, July 24th. Finally, Goldman Sachs Group lowered Informa to a sell rating and lowered their target price for the stock from GBX 857 ($11.20) to GBX 723 ($9.45) in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 887.44 ($11.60).
Shares of LON INF traded down GBX 4.40 ($0.06) during mid-day trading on Monday, hitting GBX 792 ($10.35). 1,559,830 shares of the stock traded hands, compared to its average volume of 3,640,000. The company has a debt-to-equity ratio of 51.63, a current ratio of 0.59 and a quick ratio of 0.56. Informa has a twelve month low of GBX 602.80 ($7.88) and a twelve month high of GBX 900.80 ($11.77). The company has a market cap of $9.94 billion and a PE ratio of 32.86. The firm has a 50 day simple moving average of GBX 792.96 and a two-hundred day simple moving average of GBX 814.38.
Informa plc engages in business intelligence, academic publishing, and knowledge and events businesses worldwide. The company operates through Academic Publishing, Business Intelligence, Global Exhibitions, and Knowledge & Networking segments. The Academic Publishing segment publishes academic books and journals in print and digital formats for university libraries and departments, specialist research institutions, and individuals in the areas of humanities and social sciences, science, technology, and medicine.
Read More: What is the Producer Price Index (PPI)?
Receive News & Ratings for Informa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Informa and related companies with MarketBeat.com's FREE daily email newsletter.