Informa (LON:INF) Share Price Crosses Above Two Hundred Day Moving Average of $776.54

Informa plc (LON:INF)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 776.54 ($9.75) and traded as high as GBX 817.80 ($10.27). Informa shares last traded at GBX 815.80 ($10.25), with a volume of 1,982,748 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Shore Capital restated a “buy” rating on shares of Informa in a research report on Thursday, April 4th. Numis Securities reissued a “buy” rating and set a GBX 922 ($11.58) price objective on shares of Informa in a research note on Friday, March 8th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 975 ($12.25) target price on shares of Informa in a research note on Monday, March 11th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Informa presently has a consensus rating of “Moderate Buy” and an average target price of GBX 865.33 ($10.87).

Informa Stock Performance

The business’s fifty day simple moving average is GBX 812.63 and its 200-day simple moving average is GBX 776.54. The company has a debt-to-equity ratio of 25.84, a quick ratio of 1.70 and a current ratio of 0.59. The firm has a market capitalization of £11.09 billion, a PE ratio of 3,263.20, a price-to-earnings-growth ratio of 0.75 and a beta of 1.10.

Informa Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 6th will be issued a dividend of GBX 12.20 ($0.15) per share. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from Informa’s previous dividend of $5.80. Informa’s dividend payout ratio is presently 7,200.00%.

Insider Buying and Selling

In other news, insider Gareth Wright sold 57,872 shares of Informa stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of GBX 820 ($10.30), for a total transaction of £474,550.40 ($596,093.96). 0.58% of the stock is owned by corporate insiders.

About Informa

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.