Informa (LON:INF) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Informa plc shares have surpassed their 200-day moving average, trading as high as GBX 931 ($12.42), with the last recorded price at GBX 922 ($12.30).
• JPMorgan Chase & Co. has initiated coverage on Informa with an "overweight" rating and a price objective of GBX 1,020.
• Informa reported earnings of GBX 30.10 per share in its last quarter, with analysts predicting an EPS of approximately 59.32 for the current fiscal year.

Informa plc (LON:INF - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 821.13 ($10.95) and traded as high as GBX 931 ($12.42). Informa shares last traded at GBX 922 ($12.30), with a volume of 8,462,088 shares.

Analyst Ratings Changes

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

Informa Price Performance

The company has a market cap of £11.87 billion, a price-to-earnings ratio of 16,763.64, 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 company has a fifty day moving average price of GBX 896.20 and a two-hundred day moving average price of GBX 821.13.

Informa (LON:INF - Get Free Report) last issued 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%. As a group, equities research analysts anticipate that Informa plc will post 59.3240265 EPS for the current fiscal year.

Insider Buying and Selling at Informa

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

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.

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