Goldman Sachs reissued their conviction-buy rating on shares of Informa (LON:INF) in a research report released on Friday morning.
Several other equities analysts also recently weighed in on the company. Berenberg Bank reduced their target price on Informa from GBX 825 ($11.58) to GBX 800 ($11.23) and set a buy rating on the stock in a research report on Thursday, March 8th. Peel Hunt downgraded Informa to a hold rating and increased their target price for the stock from GBX 740 ($10.39) to GBX 780 ($10.95) in a research report on Wednesday, January 17th. Deutsche Bank reiterated a buy rating on shares of Informa in a research report on Wednesday, January 17th. Liberum Capital reiterated a buy rating and set a GBX 855 ($12.00) target price on shares of Informa in a research report on Monday, January 15th. Finally, JPMorgan Chase increased their target price on Informa from GBX 790 ($11.09) to GBX 808 ($11.34) and gave the stock a neutral rating in a research report on Wednesday, January 10th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 809.57 ($11.36).
LON INF traded up GBX 7 ($0.10) during trading hours on Friday, hitting GBX 721 ($10.12). 1,997,483 shares of the company’s stock were exchanged, compared to its average volume of 3,640,000. Informa has a 12-month low of GBX 624.50 ($8.77) and a 12-month high of GBX 773 ($10.85).
The company also recently disclosed a dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, April 19th will be issued a GBX 13.80 ($0.19) dividend. This represents a dividend yield of 1.99%. This is an increase from Informa’s previous dividend of $6.65. The ex-dividend date is Thursday, April 19th.
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Informa PLC, together with its subsidiaries, operates in business intelligence, academic publishing, and knowledge and events businesses worldwide. It operates in five segments: Academic Publishing, Business Intelligence, Global Exhibitions, Knowledge & Networking, and Penton Information Services.
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