Informa Plc (LON:INF) had its price objective upped by analysts at JPMorgan Chase & Co. from GBX 765 ($10.19) to GBX 780 ($10.39) in a research report issued to clients and investors on Thursday. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 11.19% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Numis Securities Ltd reiterated an “add” rating and issued a GBX 845 ($11.25) target price on shares of Informa Plc in a report on Tuesday, August 9th. Societe Generale reiterated a “buy” rating and issued a GBX 780 ($10.39) target price on shares of Informa Plc in a report on Friday, May 20th. Deutsche Bank AG lifted their target price on shares of Informa Plc from GBX 680 ($9.06) to GBX 730 ($9.72) and gave the stock a “buy” rating in a report on Friday, May 20th. Panmure Gordon raised their price target on shares of Informa Plc from GBX 750 ($9.99) to GBX 825 ($10.99) and gave the stock a “buy” rating in a research report on Tuesday, July 12th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 877 ($11.68) price target on shares of Informa Plc in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 752.67 ($10.02).
Shares of Informa Plc (LON:INF) traded down 1.75% during midday trading on Thursday, hitting GBX 701.50. 990,897 shares of the company’s stock traded hands. The firm’s market capitalization is GBX 4.55 billion. Informa Plc has a 1-year low of GBX 545.50 and a 1-year high of GBX 762.00. The company has a 50 day moving average price of GBX 718.38 and a 200 day moving average price of GBX 693.70.
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The business also recently announced a dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 11th were paid a GBX 6.80 ($0.09) dividend. This represents a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, August 11th.
In related news, insider Owers,Helen bought 1,000 shares of the company’s stock in a transaction on Thursday, June 23rd. The stock was bought at an average cost of GBX 668 ($8.90) per share, with a total value of £6,680 ($8,897.18).
Informa Plc Company Profile
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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