Informa (LON:INF) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Informa plc shares surpassed their 200-day moving average, trading as high as GBX 893.80 ($11.99) and closing at GBX 887 ($11.90).
• Analysts have set new target prices for the stock, with JPMorgan Chase & Co. issuing an "overweight" rating and a target price of GBX 1,020, while Shore Capital set a target of GBX 930.
• Insider Stephen A. Carter sold 406,936 shares of Informa on July 29th, realizing a total of approximately £3.52 million from the transaction.

Informa plc (LON:INF - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 802.76 ($10.84) and traded as high as GBX 893.80 ($12.07). Informa shares last traded at GBX 887 ($11.97), with a volume of 1,604,826 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Shore Capital reiterated a "buy" rating and set a GBX 930 price objective on shares of Informa in a research report on Friday, May 23rd. JPMorgan Chase & Co. assumed coverage on Informa in a research report on Tuesday, July 29th. 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 data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of GBX 975.

Informa Stock Performance

The firm's 50 day simple moving average is GBX 848.01 and its 200-day simple moving average is GBX 803.05. 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 market capitalization of £11.63 billion, a price-to-earnings ratio of 38.04, a P/E/G ratio of 0.75 and a beta of 1.12.

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

Insider Buying and Selling at Informa

In other news, insider Stephen A. Carter sold 406,936 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of GBX 865, for a total value of £3,519,996.40. Company insiders own 0.53% 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.