Numis Securities upgraded shares of Informa (LON:INF) to a buy rating in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also recently commented on INF. Deutsche Bank reaffirmed a buy rating and set a GBX 930 ($12.15) price target on shares of Informa in a research report on Monday. Goldman Sachs Group reaffirmed a buy rating and set a GBX 818 ($10.69) price target (down previously from GBX 849 ($11.09)) on shares of Informa in a research report on Tuesday, April 16th. Morgan Stanley dropped their price target on Informa from GBX 850 ($11.11) to GBX 840 ($10.98) and set an overweight rating on the stock in a research report on Tuesday, March 19th. Peel Hunt reaffirmed an add rating on shares of Informa in a research report on Thursday, May 2nd. Finally, UBS Group reaffirmed a buy rating on shares of Informa in a research report on Tuesday. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of GBX 862.42 ($11.27).
Shares of LON INF traded down GBX 12.20 ($0.16) during trading on Thursday, reaching GBX 773.80 ($10.11). 2,041,161 shares of the stock traded hands, compared to its average volume of 3,640,000. Informa has a 52-week low of GBX 602.80 ($7.88) and a 52-week high of GBX 869.60 ($11.36). The company has a debt-to-equity ratio of 47.06, a current ratio of 0.47 and a quick ratio of 0.28. The stock has a market capitalization of $9.83 billion and a PE ratio of 39.28.
The business also recently disclosed a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 25th will be issued a dividend of GBX 14.85 ($0.19) per share. This is a boost from Informa’s previous dividend of $7.05. The ex-dividend date of this dividend is Thursday, April 25th. This represents a yield of 2.09%. Informa’s dividend payout ratio is 1.12%.
Informa Company Profile
Informa plc engages in business intelligence, academic publishing, and knowledge and events businesses worldwide. The company operates through Academic Publishing, Business Intelligence, Global Exhibitions, and Knowledge & Networking segments. The Academic Publishing segment publishes academic books and journals in print and digital formats for university libraries and departments, specialist research institutions, and individuals in the areas of humanities and social sciences, science, technology, and medicine.
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