Informa (LON:INF) Hits New 1-Year High - Here's What Happened

Key Points

• Informa plc's shares reached a new 52-week high of GBX 938.20 ($12.60) during trading, showcasing a strong performance with a daily trading volume of over 1.3 million shares.
• JPMorgan Chase & Co. initiated coverage on Informa with an "overweight" rating and a price target of GBX 1,020, joining other analysts in suggesting a positive outlook for the stock.
• Company insider Stephen A. Carter sold 406,936 shares at an average price of GBX 865, indicating active trading by those close to the company amidst its recent stock performance.

Informa plc (LON:INF - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as GBX 938.20 ($12.60) and last traded at GBX 937 ($12.59), with a volume of 1337070 shares. The stock had previously closed at GBX 935.60 ($12.57).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. began coverage on Informa in a report on Wednesday, September 3rd. They set an "overweight" rating and a GBX 1,020 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of GBX 975.

Informa Stock Up 0.1%

The stock has a market capitalization of £12.05 billion, a price-to-earnings ratio of 17,021.82, a price-to-earnings-growth ratio of 0.75 and a beta of 1.12. The company has a current ratio of 0.56, a quick ratio of 1.70 and a debt-to-equity ratio of 31.98. The firm has a 50-day moving average of GBX 888.30 and a 200 day moving average of GBX 815.41.

Informa (LON:INF - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported GBX 30.10 earnings per share for the quarter. Informa had a return on equity of 4.75% and a net margin of 9.30%. On average, sell-side analysts anticipate that Informa plc will post 59.3240265 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Stephen A. Carter sold 406,936 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of GBX 865, for a total value of £3,519,996.40. 0.41% of the stock is currently owned by corporate insiders.

Informa Company Profile

Our events, digital products and academic research services connect specialists with knowledge, helping them learn more, know more and do more. We do this in dozens of specialist markets and subject matter categories, including in Healthcare & Pharma, Technology, Finance, Education, Marketing, Health & Nutrition, Foodservice, and many more.

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