Shore Capital Reaffirms Buy Rating for Informa (INF)
A number of other equities research analysts have also issued reports on the stock. Morgan Stanley lowered shares of Informa to an equal weight rating and set a GBX 850 ($11.11) target price on the stock. in a research note on Thursday, August 16th. JPMorgan Chase & Co. increased their price objective on shares of Informa from GBX 803 ($10.49) to GBX 812 ($10.61) and gave the stock a neutral rating in a research note on Friday, October 5th. Citigroup upgraded shares of Informa to a buy rating in a research note on Friday, September 28th. UBS Group reiterated a buy rating on shares of Informa in a research note on Monday, October 8th. Finally, Deutsche Bank reiterated a buy rating on shares of Informa in a research note on Wednesday, September 12th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Informa currently has an average rating of Buy and an average price target of GBX 875.25 ($11.44).
Shares of Informa stock traded up GBX 18.40 ($0.24) during trading on Friday, reaching GBX 710.60 ($9.29). The company had a trading volume of 6,561,217 shares, compared to its average volume of 3,640,000. Informa has a fifty-two week low of GBX 624.50 ($8.16) and a fifty-two week high of GBX 773 ($10.10).
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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