Berenberg Bank Boosts Informa Plc (INF) Price Target to GBX 810
Informa Plc (LON:INF) had its price target increased by Berenberg Bank from GBX 800 ($10.52) to GBX 810 ($10.65) in a research report sent to investors on Friday. Berenberg Bank currently has a buy rating on the stock.
A number of other brokerages have also weighed in on INF. Deutsche Bank AG restated a buy rating and issued a GBX 790 ($10.39) target price on shares of Informa Plc in a research note on Monday, November 6th. Peel Hunt reiterated a buy rating and issued a GBX 740 ($9.73) price objective on shares of Informa Plc in a research report on Monday, September 4th. Goldman Sachs Group, Inc. (The) reiterated a conviction-buy rating and issued a GBX 863 ($11.35) price objective on shares of Informa Plc in a research report on Wednesday, July 26th. Liberum Capital reiterated a hold rating and issued a GBX 675 ($8.88) price objective on shares of Informa Plc in a research report on Tuesday, September 26th. Finally, Shore Capital reiterated a hold rating on shares of Informa Plc in a research report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Informa Plc has a consensus rating of Buy and a consensus target price of GBX 779.23 ($10.25).
Shares of Informa Plc (INF) traded down GBX 1 ($0.01) during trading hours on Friday, hitting GBX 730 ($9.60). The stock had a trading volume of 948,837 shares, compared to its average volume of 1,710,000. Informa Plc has a 52 week low of GBX 480 ($6.31) and a 52 week high of GBX 735.50 ($9.67).
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In related news, insider Stephen A. Carter bought 256 shares of Informa Plc stock in a transaction on Wednesday, November 8th. The shares were purchased at an average price of GBX 705 ($9.27) per share, for a total transaction of £1,804.80 ($2,373.80). Also, insider Gareth Bullock bought 125 shares of Informa Plc stock in a transaction on Friday, September 15th. The shares were bought at an average price of GBX 669 ($8.80) per share, for a total transaction of £836.25 ($1,099.89). In the last 90 days, insiders have acquired 405 shares of company stock worth $280,161.
Informa Plc Company Profile
Informa PLC, together with its subsidiaries, operates in business intelligence, academic publishing, and knowledge and events businesses worldwide. It operates in five segments: Academic Publishing, Business Intelligence, Global Exhibitions, Knowledge & Networking, and Penton Information Services.
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