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

Key Points

• Informa plc's shares reached a new 52-week high at GBX 913 ($12.46), with a trading volume of over 3.4 million shares.
• Analysts from JPMorgan Chase and Shore Capital have given Informa an "overweight" and "buy" rating, respectively, with target prices of GBX 1,020 and GBX 930.
• The company's market cap stands at £11.78 billion, and it expects to report earnings per share of approximately 59.32 for the current year.

Informa plc (LON:INF - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 913 ($12.30) and last traded at GBX 912.80 ($12.30), with a volume of 3428623 shares changing hands. The stock had previously closed at GBX 903.60 ($12.17).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. initiated coverage on shares of Informa in a research report on Wednesday, September 3rd. They set an "overweight" rating and a GBX 1,020 price objective for the company. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 975.

Informa Stock Down 1.9%

The company has a quick ratio of 1.70, a current ratio of 0.56 and a debt-to-equity ratio of 31.98. The stock has a market cap of £11.81 billion, a P/E ratio of 16,647.27, a P/E/G ratio of 0.75 and a beta of 1.12. The company has a 50-day simple moving average of GBX 873.98 and a two-hundred day simple moving average of GBX 804.90.

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

Insider Transactions at Informa

In other news, insider Stephen A. Carter sold 406,936 shares of the stock in a transaction dated 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 owned by corporate insiders.

About Informa

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.