Informa (LON:INF)‘s stock had its “overweight” rating reissued by equities researchers at Morgan Stanley in a research report issued to clients and investors on Monday, ThisIsMoney.Co.Uk reports.
Several other brokerages have also weighed in on INF. Berenberg Bank lowered their price objective on Informa from GBX 890 ($11.63) to GBX 845 ($11.04) and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Goldman Sachs Group lowered Informa to a “sell” rating and lowered their price objective for the stock from GBX 857 ($11.20) to GBX 723 ($9.45) in a research report on Monday, October 28th. Deutsche Bank increased their price objective on Informa from GBX 930 ($12.15) to GBX 1,050 ($13.72) and gave the stock a “buy” rating in a research report on Friday, July 26th. Peel Hunt reiterated a “hold” rating on shares of Informa in a research report on Tuesday, October 8th. Finally, Liberum Capital reiterated a “buy” rating on shares of Informa in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Informa presently has an average rating of “Buy” and an average target price of GBX 887.44 ($11.60).
Informa stock traded down GBX 4.40 ($0.06) during mid-day trading on Monday, hitting GBX 792 ($10.35). The company’s stock had a trading volume of 1,559,830 shares, compared to its average volume of 3,640,000. The firm has a market capitalization of $9.94 billion and a PE ratio of 32.86. Informa has a 1 year low of GBX 602.80 ($7.88) and a 1 year high of GBX 900.80 ($11.77). The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 51.63. The stock’s fifty day moving average is GBX 792.96 and its two-hundred day moving average is 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.
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