Informa (LON:INF) Stock Crosses Above Two Hundred Day Moving Average of $798.23

Informa plc (LON:INFGet Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 798.23 ($10.23) and traded as high as GBX 854.80 ($10.95). Informa shares last traded at GBX 851.40 ($10.91), with a volume of 1,920,456 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Numis Securities reiterated a “buy” rating and set a GBX 922 ($11.81) price target on shares of Informa in a research note on Friday, March 8th. Berenberg Bank restated a “buy” rating and issued a GBX 975 ($12.49) target price 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 865.33 ($11.09).

Check Out Our Latest Analysis on Informa

Informa Stock Down 1.2 %

The company has a market cap of £11.36 billion, a price-to-earnings ratio of 2,838.00, a PEG ratio of 0.75 and a beta of 1.10. The company has a current ratio of 0.59, a quick ratio of 1.70 and a debt-to-equity ratio of 25.84. The business has a fifty day moving average of GBX 824.16 and a two-hundred day moving average of GBX 798.23.

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 issued a GBX 12.20 ($0.16) dividend. This is a boost 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 is presently 6,000.00%.

Insider Buying and Selling at Informa

In other Informa news, insider Gareth Wright sold 57,872 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of GBX 820 ($10.51), for a total transaction of £474,550.40 ($608,008.20). Insiders own 0.38% of the company’s stock.

About Informa

(Get Free Report)

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.

Further Reading

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