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

Informa plc (LON:INF) passed 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 equities analysts have issued reports on INF shares. Numis Securities reissued a “buy” rating and issued a GBX 922 ($11.48) target price on shares of Informa in a report on Friday, March 8th. 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. Finally, Shore Capital restated a “buy” rating on shares of Informa in a research note on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Informa presently has an average rating of “Moderate Buy” and a consensus price target of GBX 865.33 ($10.77).

Informa Stock Down 0.5 %

The company has a quick ratio of 1.70, a current ratio of 0.59 and a debt-to-equity ratio of 25.84. The firm has a market cap of £10.66 billion, a price-to-earnings ratio of 3,134.40, a price-to-earnings-growth ratio of 0.75 and a beta of 1.10. The stock’s 50 day moving average is GBX 814.73 and its 200 day moving average is GBX 771.67.

Informa Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 6th will be given a GBX 12.20 ($0.15) dividend. 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 yield of 1.51%. Informa’s payout ratio is 7,200.00%.

Insiders Place Their Bets

In other Informa news, insider Gareth Wright sold 57,872 shares of Informa stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of GBX 820 ($10.21), for a total value of £474,550.40 ($590,751.15). 0.58% of the stock is currently owned by company 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.