Canaccord Genuity Reiterates “Hold” Rating for Informa Plc (INF)
Informa Plc (LON:INF)‘s stock had its “hold” rating reissued by investment analysts at Canaccord Genuity in a note issued to investors on Thursday. They presently have a GBX 755 ($10.06) price target on the stock. Canaccord Genuity’s target price would suggest a potential upside of 3.07% from the stock’s previous close.
Several other research firms also recently commented on INF. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 810 ($10.79) price target on shares of Informa Plc in a research note on Wednesday, August 31st. JPMorgan Chase & Co. raised their price target on shares of Informa Plc from GBX 765 ($10.19) to GBX 780 ($10.39) and gave the stock an “overweight” rating in a research note on Thursday, September 8th. Societe Generale raised their price target on shares of Informa Plc from GBX 780 ($10.39) to GBX 845 ($11.25) and gave the stock a “buy” rating in a research note on Friday, July 8th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 770 ($10.26) price target on shares of Informa Plc in a research note on Thursday, May 19th. Finally, BNP Paribas raised their price target on shares of Informa Plc from GBX 660 ($8.79) to GBX 690 ($9.19) and gave the stock an “outperform” rating in a research note on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 752.67 ($10.02).
Informa Plc (LON:INF) opened at 733.00 on Thursday. Informa Plc has a 52 week low of GBX 545.50 and a 52 week high of GBX 762.00. The stock has a 50 day moving average of GBX 712.18 and a 200 day moving average of GBX 694.82. The company’s market cap is GBX 4.75 billion.
The firm also recently disclosed a dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 11th were paid a dividend of GBX 6.80 ($0.09) per share. This represents a yield of 0.93%. The ex-dividend date was Thursday, August 11th.
In other Informa Plc news, insider Owers,Helen acquired 1,000 shares of the firm’s stock in a transaction on Thursday, June 23rd. The stock was acquired at an average cost of GBX 668 ($8.90) per share, for a total transaction of £6,680 ($8,897.18).
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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