Informa (LON:INF) Sets New 52-Week High at $865.20

Informa plc (LON:INF) shares hit a new 52-week high on Thursday . The stock traded as high as GBX 865.20 ($10.87) and last traded at GBX 847.20 ($10.64), with a volume of 2116462 shares trading hands. The stock had previously closed at GBX 843.80 ($10.60).

Wall Street Analysts Forecast Growth

INF has been the topic of a number of recent analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Informa in a research report on Thursday, April 4th. Numis Securities reaffirmed a “buy” rating and set a GBX 922 ($11.58) target price on shares of Informa in a research report on Friday, March 8th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 975 ($12.25) price target on shares of Informa in a research note on Monday, March 11th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Informa has a consensus rating of “Moderate Buy” and an average target price of GBX 865.33 ($10.87).

Informa Trading Down 0.1 %

The company’s fifty day moving average is GBX 819.08 and its two-hundred day moving average is GBX 786.87. The company has a market cap of £11.43 billion, a price-to-earnings ratio of 2,822.00, a P/E/G ratio of 0.75 and a beta of 1.10. The company has a debt-to-equity ratio of 25.84, a quick ratio of 1.70 and a current ratio of 0.59.

Informa Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 6th will be issued a GBX 12.20 ($0.15) dividend. This represents a yield of 1.51%. This is a positive change from Informa’s previous dividend of $5.80. The ex-dividend date is Thursday, June 6th. Informa’s dividend payout ratio is presently 6,000.00%.

Insider Buying and Selling at Informa

In other Informa news, insider Gareth Wright sold 57,872 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of GBX 820 ($10.30), for a total value of £474,550.40 ($596,019.09). Company insiders own 0.55% of the company’s stock.

About Informa

Informa plc operates as an international events, digital services, and academic knowledge company in the United Kingdom, Continental Europe, North America, China, and internationally. It operates through four segments: Informa Markets, Informa Tech, Informa Connect, and Taylor & Francis. The Informa Connect segment delivers specialist content, and live events and on-demand experiences for professionals through in-person, live, and digital platforms and services that enables businesses and professionals to meet, network, discuss, and learn.