Brokerages Set Informa plc (LON:INF) Price Target at GBX 865.33

Shares of Informa plc (LON:INF) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 865.33 ($10.87).

A number of analysts have issued reports on the company. Numis Securities reaffirmed a “buy” rating and issued a GBX 922 ($11.58) target price on shares of Informa in a report on Friday, March 8th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 975 ($12.25) target price on shares of Informa in a report on Monday, March 11th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Informa in a report on Thursday, April 4th.

Insiders Place Their Bets

In other news, insider Gareth Wright sold 57,872 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of GBX 820 ($10.30), for a total transaction of £474,550.40 ($596,093.96). Insiders own 0.58% of the company’s stock.

Informa Stock Down 0.3 %

Shares of INF stock opened at GBX 795.80 ($10.00) on Friday. The stock’s 50 day simple moving average is GBX 813.90 and its 200 day simple moving average is GBX 775.57. The company has a debt-to-equity ratio of 25.84, a quick ratio of 1.70 and a current ratio of 0.59. Informa has a twelve month low of GBX 679 ($8.53) and a twelve month high of GBX 842 ($10.58). The company has a market capitalization of £10.82 billion, a price-to-earnings ratio of 3,183.20, a PEG ratio of 0.75 and a beta of 1.10.

Informa Increases Dividend

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

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.