Societe Generale Reaffirms “Buy” Rating for Informa Plc (INF)
Societe Generale reiterated their buy rating on shares of Informa Plc (LON:INF) in a research report sent to investors on Friday morning. They currently have a GBX 845 ($11.03) target price on the stock.
A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. restated an overweight rating on shares of Informa Plc in a research report on Friday, July 29th. Goldman Sachs Group Inc. restated a buy rating and set a GBX 877 ($11.45) target price on shares of Informa Plc in a research report on Tuesday, July 19th. Barclays PLC restated an overweight rating and set a GBX 765 ($9.99) target price on shares of Informa Plc in a research report on Monday, July 18th. Canaccord Genuity restated a hold rating and set a GBX 755 ($9.86) target price on shares of Informa Plc in a research report on Thursday, September 15th. Finally, Peel Hunt upped their target price on shares of Informa Plc from GBX 650 ($8.48) to GBX 750 ($9.79) and gave the stock a hold rating in a research report on Thursday, July 7th. 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 given a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of GBX 752.67 ($9.82).
Shares of Informa Plc (LON:INF) opened at 734.00 on Friday. The company’s market cap is GBX 4.76 billion. Informa Plc has a 52 week low of GBX 545.50 and a 52 week high of GBX 762.00. The stock’s 50 day moving average is GBX 712.61 and its 200-day moving average is GBX 695.32.
The firm also recently announced a dividend, which was paid on Friday, September 9th. Shareholders of record on Thursday, August 11th were given 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 Flaschen,David bought 1,000 shares of the business’s stock in a transaction on Friday, September 16th. The shares were acquired at an average price of GBX 957 ($12.49) per share, with a total value of £9,570 ($12,491.84).
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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