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

Informa plc (LON:INF) shares hit a new 52-week high 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. The stock had previously closed at GBX 831.40 ($10.44).

Wall Street Analyst Weigh In

Several equities analysts recently commented on INF shares. Numis Securities reaffirmed a “buy” rating and set a GBX 922 ($11.58) target price on shares of Informa in a report on Friday, March 8th. Berenberg Bank restated a “buy” rating and set a GBX 975 ($12.25) price target on shares of Informa in a research report on Monday, March 11th. Finally, Shore Capital reiterated a “buy” rating on shares of Informa in a research report on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus 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 £11.62 billion, a P/E ratio of 3,408.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.10. The business has a 50-day simple moving average of GBX 814.28 and a 200 day simple moving average of GBX 780.87. The company has a debt-to-equity ratio of 25.84, a quick ratio of 1.70 and a current ratio of 0.59.

Informa Increases Dividend

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

Insider Buying and Selling at Informa

In other news, insider Gareth Wright sold 57,872 shares of Informa stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of GBX 820 ($10.30), for a total transaction of £474,550.40 ($596,168.84). 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.