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

Informa plc (LON:INF)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 860.19 and traded as high as GBX 867. Informa shares last traded at GBX 860, with a volume of 10,062,096 shares changing hands.

Analysts Set New Price Targets

INF has been the topic of a number of recent analyst reports. Citigroup raised their price target on Informa from GBX 990 to GBX 1,090 and gave the company a “buy” rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. decreased their target price on Informa from GBX 1,300 to GBX 1,285 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Informa from GBX 1,140 to GBX 1,290 and gave the company a “buy” rating in a research report on Friday, October 9th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,040 price target on shares of Informa in a research note on Thursday, October 8th. Six investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Informa currently has an average rating of “Buy” and an average price target of GBX 1,160.

Informa Stock Down 1.2%

The company has a market cap of £10.48 billion, a PE ratio of 49.05, a PEG ratio of 0.75 and a beta of 0.71. The company has a debt-to-equity ratio of 64.99, a current ratio of 0.55 and a quick ratio of 1.70. The business’s fifty day simple moving average is GBX 887.22 and its two-hundred day simple moving average is GBX 860.64.

Informa (LON:INF) last issued its quarterly earnings results on Thursday, July 30th. The company reported GBX 26.70 earnings per share (EPS) for the quarter. Informa had a return on equity of 3.90% and a net margin of 5.43%. On average, analysts predict that Informa plc will post 59.32 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.