Informa (LON:INF) Reaches New 52-Week High at $862.00

Informa plc (LON:INF)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 862 ($10.83) and last traded at GBX 857.80 ($10.78), with a volume of 15480742 shares changing hands. The stock had previously closed at GBX 831.40 ($10.44).

Analyst Upgrades and Downgrades

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

Informa Price Performance

The firm has a market cap of £11.60 billion, a P/E ratio of 3,414.40, 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 current ratio of 0.59 and a quick ratio of 1.70. The firm’s 50 day moving average is GBX 812.68 and its 200 day moving average is GBX 779.88.

Informa Increases Dividend

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

Insider Activity at Informa

In other Informa news, insider Gareth Wright sold 57,872 shares of the business’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 value of £474,550.40 ($596,168.84). 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.