Informa (LON:INF) Stock Price Passes Above 200 Day Moving Average of $771.67

Informa plc (LON:INF)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 771.67 ($9.61) and traded as high as GBX 787 ($9.80). Informa shares last traded at GBX 783.60 ($9.75), with a volume of 2,632,328 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have commented on INF shares. Shore Capital restated a “buy” rating on shares of Informa in a research note on Thursday, April 4th. Numis Securities reiterated a “buy” rating and issued a GBX 922 ($11.48) price objective on shares of Informa in a research note on Friday, March 8th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 975 ($12.14) price target on shares of Informa in a research note on Monday, March 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 865.33 ($10.77).

Informa Stock Performance

The firm has a fifty day simple moving average of GBX 814.73 and a 200-day simple moving average of GBX 771.67. The company has a market cap of £10.66 billion, a PE ratio of 3,134.40, a price-to-earnings-growth ratio of 0.75 and a beta of 1.10. The company has a quick ratio of 1.70, a current ratio of 0.59 and a debt-to-equity ratio of 25.84.

Informa Increases Dividend

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

Insiders Place Their Bets

In related news, insider Gareth Wright sold 57,872 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of GBX 820 ($10.21), for a total transaction of £474,550.40 ($590,751.15). Corporate insiders own 0.58% of the company’s stock.

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.