Informa (LON:INF) Hits New 1-Year High at $865.20

Informa plc (LON:INFGet Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as GBX 865.20 ($10.87) and last traded at GBX 847.20 ($10.64), with a volume of 2116462 shares changing hands. The stock had previously closed at GBX 843.80 ($10.60).

Wall Street Analyst Weigh In

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

Read Our Latest Report on INF

Informa Trading Up 0.5 %

The firm has a market cap of £11.45 billion, a P/E ratio of 2,820.00, a price-to-earnings-growth ratio of 0.75 and a beta of 1.10. 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 stock has a fifty day simple moving average of GBX 817.47 and a 200 day simple moving average of GBX 785.50.

Informa Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 6th will be paid a dividend of GBX 12.20 ($0.15) per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a yield of 1.51%. This is a boost from Informa’s previous dividend of $5.80. Informa’s dividend payout ratio is currently 6,000.00%.

Insider Activity

In other news, insider Gareth Wright sold 57,872 shares of the business’s 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 ($596,019.09). Insiders own 0.55% of the company’s stock.

Informa Company Profile

(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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