Informa (LON:INF) Shares Cross Above 200-Day Moving Average - Here's What Happened

Informa plc (LON:INF - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 833 ($10.72) and traded as high as GBX 843.80 ($10.86). Informa shares last traded at GBX 841 ($10.82), with a volume of 1,335,247 shares.

Analysts Set New Price Targets

Separately, Shore Capital restated a "buy" rating on shares of Informa in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Informa presently has an average rating of "Moderate Buy" and an average price target of GBX 904 ($11.63).

Informa Trading Down 1.2 %

The firm has a market cap of £10.96 billion, a P/E ratio of 3,656.52, a price-to-earnings-growth ratio of 0.75 and a beta of 1.12. The company has a quick ratio of 1.70, a current ratio of 0.56 and a debt-to-equity ratio of 29.87. The firm's 50-day simple moving average is GBX 827.72 and its 200 day simple moving average is GBX 833.

Informa Company Profile

Informa plc operates as an international events, digital services, and academic knowledge company in the United Kingdom, Continental Europe, North America, China, and internationally. It operates through four segments: Informa Markets, Informa Tech, Informa Connect, and Taylor & Francis. The Informa Connect segment delivers specialist content, and live events and on-demand experiences for professionals through in-person, live, and digital platforms and services that enables businesses and professionals to meet, network, discuss, and learn.