Informa Plc (INF) Upgraded to Buy by Investec
Investec upgraded shares of Informa Plc (LON:INF) to a buy rating in a research note published on Tuesday morning. The firm currently has GBX 706 ($8.60) price target on the stock, down from their previous price target of GBX 728 ($8.87).
A number of other research analysts have also recently commented on INF. Numis Securities Ltd restated an add rating and set a GBX 845 ($10.30) price target on shares of Informa Plc in a research note on Thursday, September 15th. Liberum Capital reiterated a hold rating and issued a GBX 740 ($9.02) target price on shares of Informa Plc in a research note on Thursday, September 15th. Societe Generale lifted their target price on shares of Informa Plc from GBX 780 ($9.51) to GBX 845 ($10.30) and gave the company a buy rating in a research note on Friday, July 8th. Barclays PLC lifted their target price on shares of Informa Plc from GBX 750 ($9.14) to GBX 765 ($9.32) and gave the company an overweight rating in a research note on Monday, July 4th. Finally, Peel Hunt reiterated a hold rating and issued a GBX 750 ($9.14) target price on shares of Informa Plc in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Informa Plc presently has an average rating of Buy and an average target price of GBX 754.28 ($9.19).
Shares of Informa Plc (LON:INF) opened at 674.00 on Tuesday. Informa Plc has a 12 month low of GBX 518.33 and a 12 month high of GBX 701.54. The firm’s market cap is GBX 4.37 billion. The stock’s 50 day moving average price is GBX 660.21 and its 200-day moving average price is GBX 644.02.
In other news, insider Flaschen,David purchased 1,000 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was bought at an average price of GBX 957 ($11.66) per share, with a total value of £9,570 ($11,663.62). Also, insider John Rishton purchased 6,945 shares of the firm’s stock in a transaction dated Friday, September 23rd. The stock was purchased at an average cost of GBX 714 ($8.70) per share, with a total value 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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