Informa plc (LON:INF - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 829.38 ($10.94) and traded as high as GBX 832.40 ($10.98). Informa shares last traded at GBX 826.20 ($10.90), with a volume of 1,192,391 shares trading hands.
Wall Street Analyst Weigh In
Several brokerages have weighed in on INF. Berenberg Bank raised their price objective on shares of Informa from GBX 975 ($12.86) to GBX 1,010 ($13.32) and gave the stock a "buy" rating in a report on Friday, June 28th. Citigroup reiterated a "buy" rating on shares of Informa in a research note on Thursday, July 4th. Finally, Shore Capital restated a "buy" rating on shares of Informa in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 875.40 ($11.54).
Check Out Our Latest Research Report on Informa
Informa Stock Performance
The company has a market capitalization of £11.09 billion, a price-to-earnings ratio of 3,626.09, a P/E/G ratio of 0.75 and a beta of 1.12. The stock has a 50 day simple moving average of GBX 841.91 and a 200 day simple moving average of GBX 829.68. The company has a quick ratio of 1.70, a current ratio of 0.56 and a debt-to-equity ratio of 29.87.
Informa Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 8th will be given a dividend of GBX 6.40 ($0.08) per share. The ex-dividend date is Thursday, August 8th. This represents a yield of 0.76%. Informa's dividend payout ratio is currently 8,260.87%.
About Informa
(
Get Free Report)
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.
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