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

Key Points

• Informa plc shares have surpassed their 200-day moving average, trading at GBX 915.20 ($12.31) with a high of GBX 918.40 ($12.35) during the recent session.
• JPMorgan Chase initiated coverage on Informa with an "overweight" rating and set a target price of GBX 1,020, while two other analysts have rated it as a Buy.
• Insider Stephen A. Carter sold 406,936 shares at an average price of GBX 865, totaling approximately £3.52 million, indicating ongoing insider trading activity.

Shares of Informa plc (LON:INF - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 807.42 ($10.86) and traded as high as GBX 918.40 ($12.35). Informa shares last traded at GBX 915.20 ($12.31), with a volume of 2,494,515 shares.

Analysts Set New Price Targets

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

Informa Stock Performance

The stock has a market cap of £11.81 billion, a P/E ratio of 16,640.00, a P/E/G ratio of 0.75 and a beta of 1.12. The company has a fifty day moving average price of GBX 878.67 and a 200 day moving average price of GBX 807.42. The company has a debt-to-equity ratio of 31.98, a current ratio of 0.56 and a quick ratio of 1.70.

Informa (LON:INF - Get Free Report) last released its quarterly earnings data 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 expect that Informa plc will post 59.3240265 EPS for the current year.

Insider Activity

In related news, insider Stephen A. Carter sold 406,936 shares of Informa 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 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.

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