Shares of Informa plc (LON:INF – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 830.87 ($10.93) and traded as high as GBX 836.60 ($11.00). Informa shares last traded at GBX 836 ($10.99), with a volume of 1,729,432 shares.
Analysts Set New Price Targets
A number of research firms recently weighed in on INF. Shore Capital reissued a “buy” rating on shares of Informa in a research report on Wednesday, July 24th. Citigroup reissued a “buy” rating on shares of Informa in a research report on Thursday, July 4th. Finally, Berenberg Bank lifted their target price on Informa from GBX 975 ($12.82) to GBX 1,010 ($13.28) and gave the stock a “buy” rating in a research report on Friday, June 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 900.50 ($11.84).
Get Our Latest Research Report on Informa
Informa Trading Down 0.8 %
Informa Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 8th will be paid a dividend of GBX 6.40 ($0.08) per share. This represents a yield of 0.76%. The ex-dividend date is Thursday, August 8th. Informa’s dividend payout ratio is 8,260.87%.
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.
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