Informa (LON:INF) Sets New 12-Month High - Should You Buy?

Key Points

• Informa's share price has reached a new 52-week high of GBX 946.20 ($12.65), with a trading volume of over 2.4 million shares.
• JPMorgan Chase & Co. has initiated coverage on Informa with an "overweight" rating and a price target of GBX 1,020, highlighting positive sentiment among analysts.
• The company's latest earnings report indicated GBX 30.10 earnings per share, with analysts projecting approximately 59.32 earnings per share for the current fiscal year.

Informa plc (LON:INF - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as GBX 946.20 ($12.65) and last traded at GBX 945.60 ($12.64), with a volume of 2409210 shares traded. The stock had previously closed at GBX 940.20 ($12.57).

Wall Street Analyst Weigh In

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

Informa Trading Up 0.4%

The company has a debt-to-equity ratio of 31.98, a quick ratio of 1.70 and a current ratio of 0.56. The company has a 50 day moving average of GBX 902.84 and a two-hundred day moving average of GBX 828.23. The stock has a market cap of £12.14 billion, a PE ratio of 171.56, a price-to-earnings-growth ratio of 0.75 and a beta of 1.12.

Informa (LON:INF - Get Free Report) last announced its quarterly 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%. Sell-side analysts anticipate that Informa plc will post 59.3240265 earnings per share for the current fiscal year.

Insider Buying and Selling at Informa

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 transaction 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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