Informa (LON:INF) was upgraded by analysts at Kepler Capital Markets to a “buy” rating in a research report issued to clients and investors on Wednesday, November 22nd. The brokerage presently has a GBX 810 ($10.90) price objective on the stock, up from their prior price objective of GBX 700 ($9.42). Kepler Capital Markets’ target price suggests a potential upside of 9.76% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Numis Securities reissued an “add” rating and set a GBX 825 ($11.10) price target on shares of Informa in a research note on Tuesday, July 25th. Deutsche Bank reissued a “buy” rating and set a GBX 790 ($10.63) price target on shares of Informa in a research note on Monday, November 6th. Peel Hunt reissued a “buy” rating and set a GBX 740 ($9.96) price target on shares of Informa in a research note on Tuesday, July 25th. Berenberg Bank reissued a “buy” rating and set a GBX 800 ($10.77) price target on shares of Informa in a research note on Wednesday, July 26th. Finally, Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a GBX 863 ($11.62) target price on shares of Informa in a research report on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 804.17 ($10.82).
Informa (INF) traded down GBX 3.33 ($0.04) during mid-day trading on Wednesday, reaching GBX 738 ($9.93). The company had a trading volume of 2,144,709 shares, compared to its average volume of 2,110,000. Informa has a 12-month low of GBX 480 ($6.46) and a 12-month high of GBX 773 ($10.40).
In other Informa news, insider Stephen A. Carter bought 256 shares of the stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of GBX 705 ($9.49) per share, for a total transaction of £1,804.80 ($2,429.07). Also, insider Gareth Bullock purchased 125 shares of Informa stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of GBX 669 ($9.00) per share, for a total transaction of £836.25 ($1,125.50). Over the last quarter, insiders purchased 405 shares of company stock valued at $280,161.
Informa Company Profile
Informa PLC, together with its subsidiaries, operates in business intelligence, academic publishing, and knowledge and events businesses worldwide. It operates in five segments: Academic Publishing, Business Intelligence, Global Exhibitions, Knowledge & Networking, and Penton Information Services.
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