Informa Plc (INF) Lifted to “Buy” at Canaccord Genuity
Canaccord Genuity upgraded shares of Informa Plc (LON:INF) to a buy rating in a report published on Friday. They currently have GBX 720 ($8.78) price objective on the stock, up from their previous price objective of GBX 692 ($8.43).
Several other analysts have also commented on INF. Numis Securities Ltd reiterated an add rating and set a GBX 845 ($10.30) price objective on shares of Informa Plc in a report on Thursday, September 15th. Liberum Capital reiterated a hold rating and set a GBX 740 ($9.02) price objective on shares of Informa Plc in a report on Thursday, September 15th. Societe Generale increased their price objective on Informa Plc from GBX 780 ($9.51) to GBX 845 ($10.30) and gave the company a buy rating in a report on Friday, July 8th. Peel Hunt reiterated a hold rating and set a GBX 750 ($9.14) price objective on shares of Informa Plc in a report on Thursday, July 28th. Finally, Barclays PLC raised their target price on Informa Plc from GBX 750 ($9.14) to GBX 765 ($9.32) and gave the stock an overweight rating in a research note on Monday, July 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Informa Plc presently has a consensus rating of Buy and a consensus target price of GBX 754.28 ($9.19).
Shares of Informa Plc (LON:INF) opened at 677.50 on Friday. The firm’s 50-day moving average price is GBX 660.21 and its 200 day moving average price is GBX 644.02. The company’s market cap is GBX 4.39 billion. Informa Plc has a 12-month low of GBX 518.33 and a 12-month high of GBX 701.54.
In other Informa Plc news, insider Stephen A. Carter bought 12,500 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were purchased at an average cost of GBX 720 ($8.78) per share, for a total transaction of £90,000 ($109,689.21). Also, insider John Rishton purchased 6,945 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The stock was bought at an average cost of GBX 714 ($8.70) per share, for a total transaction of £49,587.30 ($60,435.47).
About Informa Plc
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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