Informa (LON:INF) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Informa plc (LON:INF) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 839.21 and traded as high as GBX 894.60. Informa shares last traded at GBX 892.76, with a volume of 1,641,785 shares.

Analyst Ratings Changes

INF has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,140 target price on shares of Informa in a report on Friday, July 31st. Berenberg Bank upped their price objective on Informa from GBX 965 to GBX 1,040 and gave the stock a “buy” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. decreased their target price on shares of Informa from GBX 1,300 to GBX 1,285 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. Finally, Citigroup upped their price target on shares of Informa from GBX 990 to GBX 1,090 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 1,135.

Informa Stock Up 1.7%

The company has a market cap of £11.11 billion, a P/E ratio of 52.01, a PEG ratio of 0.75 and a beta of 0.68. The stock has a 50-day moving average of GBX 897.22 and a 200 day moving average of GBX 839.52. The company has a debt-to-equity ratio of 64.99, a current ratio of 0.55 and a quick ratio of 1.70.

Informa (LON:INF) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 26.70 earnings per share (EPS) for the quarter. Informa had a net margin of 5.43% and a return on equity of 3.90%. Research analysts anticipate that Informa plc will post 59.3240265 earnings per share for the current year.

About Informa

Our events, digital products and academic research services connect specialists with knowledge, helping them learn more, know more and do more.

We do this in dozens of specialist markets and subject matter categories, including in Healthcare & Pharma, Technology, Finance, Education, Marketing, Health & Nutrition, Foodservice, and many more.

And we do this through a range of products and services, including major live events, specialist media and content, expert research articles, books and open research platforms, accredited training, buyer discovery services, and digital demand and lead-generation services.