Informa Plc’s (INF) “Hold” Rating Reiterated at Liberum Capital
INF has been the subject of several other research reports. J P Morgan Chase & Co downgraded shares of Informa Plc to a neutral rating and reduced their price target for the stock from GBX 807 ($10.61) to GBX 790 ($10.39) in a research report on Thursday, November 2nd. Peel Hunt restated a buy rating and set a GBX 740 ($9.73) price target on shares of Informa Plc in a research report on Monday, September 4th. Deutsche Bank AG restated a buy rating and set a GBX 790 ($10.39) price target on shares of Informa Plc in a research report on Monday, November 6th. Shore Capital restated a hold rating on shares of Informa Plc in a research report on Wednesday, November 1st. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a conviction-buy rating and set a GBX 863 ($11.35) price objective on shares of Informa Plc in a research note on Wednesday, July 26th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of GBX 779.23 ($10.25).
Informa Plc (LON INF) traded down GBX 0.50 ($0.01) on Thursday, hitting GBX 731 ($9.61). 2,204,827 shares of the company traded hands, compared to its average volume of 1,710,000. Informa Plc has a 52-week low of GBX 480 ($6.31) and a 52-week high of GBX 735.50 ($9.67).
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In other news, insider Stephen A. Carter purchased 256 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of GBX 705 ($9.27) per share, with a total value of £1,804.80 ($2,373.80). Also, insider Gareth Bullock purchased 125 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average cost of GBX 669 ($8.80) per share, with a total value of £836.25 ($1,099.89). In the last three months, insiders bought 405 shares of company stock valued at $280,161.
About Informa Plc
Informa PLC, together with its subsidiaries, operates in business intelligence, academic publishing, and knowledge and events businesses worldwide. It operates in five segments: Academic Publishing, Business Intelligence, Global Exhibitions, Knowledge & Networking, and Penton Information Services.
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