Liberum Capital Reiterates Hold Rating for Informa Plc (INF)
Informa Plc (LON:INF)‘s stock had its “hold” rating reissued by research analysts at Liberum Capital in a research note issued on Thursday. They currently have a GBX 675 ($8.88) price objective on the stock. Liberum Capital’s price target would suggest a potential downside of 7.66% from the company’s current price.
A number of other research analysts have also recently commented on INF. Shore Capital restated a “hold” rating on shares of Informa Plc in a research note on Wednesday, July 19th. Berenberg Bank restated a “buy” rating and set a GBX 800 ($10.52) price target on shares of Informa Plc in a research note on Thursday, July 20th. Credit Suisse Group restated a “neutral” rating on shares of Informa Plc in a research note on Friday, July 21st. Peel Hunt restated a “buy” rating and set a GBX 740 ($9.73) price target on shares of Informa Plc in a research note on Tuesday, July 25th. Finally, Numis Securities Ltd restated an “add” rating and set a GBX 825 ($10.85) price target on shares of Informa Plc in a research note on Tuesday, July 25th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 772.31 ($10.16).
Shares of Informa Plc (LON:INF) traded down GBX 0.50 ($0.01) on Thursday, reaching GBX 731 ($9.61). 2,204,827 shares of the company’s stock were exchanged, compared to its average volume of 1,710,000. Informa Plc has a 1 year low of GBX 480 ($6.31) and a 1 year high of GBX 735.50 ($9.67).
In related news, insider Gareth Bullock acquired 125 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average price of GBX 669 ($8.80) per share, for a total transaction of £836.25 ($1,099.89). Also, insider Stephen A. Carter acquired 256 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average price of GBX 705 ($9.27) per share, with a total value of £1,804.80 ($2,373.80). Insiders bought 405 shares of company stock valued at $280,161 in the last quarter.
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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