Canaccord Genuity upgraded shares of Informa Plc (LON:INF) to a buy rating in a research note published on Friday. Canaccord Genuity currently has GBX 720 ($8.91) price target on the stock, up from their previous price target of GBX 692 ($8.56).
Other equities research analysts have also issued reports about the stock. Numis Securities Ltd reiterated an add rating and set a GBX 845 ($10.46) target price on shares of Informa Plc in a research note on Tuesday, August 9th. Deutsche Bank AG boosted their target price 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. Panmure Gordon boosted their target price on shares of Informa Plc from GBX 750 ($9.28) to GBX 825 ($10.21) and gave the company a buy rating in a research note on Tuesday, July 12th. Societe Generale boosted their target price on shares of Informa Plc from GBX 780 ($9.65) to GBX 845 ($10.46) and gave the company a buy rating in a research note on Friday, July 8th. Finally, Goldman Sachs Group Inc. reiterated a buy rating and set a GBX 877 ($10.85) target price on shares of Informa Plc in a research note on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 750.72 ($9.29).
Shares of Informa Plc (LON:INF) traded down 0.49% during midday trading on Friday, hitting GBX 660.25. The company had a trading volume of 1,800,331 shares. The stock has a 50 day moving average price of GBX 659.53 and a 200 day moving average price of GBX 643.52. Informa Plc has a 1-year low of GBX 518.33 and a 1-year high of GBX 701.54. The firm’s market capitalization is GBX 4.28 billion.
In other Informa Plc news, insider John Rishton bought 6,945 shares of the firm’s stock in a transaction dated Friday, September 23rd. The shares were purchased at an average cost of GBX 714 ($8.84) per share, for a total transaction of £49,587.30 ($61,370.42). Also, insider Flaschen,David bought 1,000 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were acquired at an average price of GBX 957 ($11.84) per share, for a total transaction of £9,570 ($11,844.06).
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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