JPMorgan Chase & Co. Initiates Coverage on Informa (LON:INF)

Key Points

• JPMorgan Chase & Co. has reaffirmed an "overweight" rating for Informa, setting a price target of GBX 1,020, suggesting a potential upside of 17.84% from the current stock price.
• Informa also received a "buy" rating from Shore Capital, with a price objective of GBX 930, contributing to a consensus "Buy" rating and an average price target of GBX 975.
• Insider Stephen A. Carter sold 406,936 shares of Informa stock at an average price of GBX 865, totaling approximately £3.52 million.

Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of Informa (LON:INF - Get Free Report) in a research note issued on Wednesday, MarketBeat reports. The brokerage set an "overweight" rating and a GBX 1,020 price target on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 14.67% from the company's previous close.

Separately, Shore Capital reiterated a "buy" rating and issued a GBX 930 target price on shares of Informa in a report on Friday, May 23rd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Informa has an average rating of "Buy" and an average price target of GBX 975.

Informa Stock Up 0.9%

INF traded up GBX 7.50 during trading on Wednesday, hitting GBX 889.50. 427,002,469 shares of the company's stock were exchanged, compared to its average volume of 12,412,920. 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 business's 50 day moving average is GBX 857.90 and its two-hundred day moving average is GBX 801.53. Informa has a fifty-two week low of GBX 634.20 and a fifty-two week high of GBX 911.60. The stock has a market cap of £11.51 billion, a P/E ratio of 16,172.75, a PEG ratio of 0.75 and a beta of 1.12.

Informa (LON:INF - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported GBX 30.10 earnings per share for the quarter. Informa had a net margin of 9.30% and a return on equity of 4.75%. As a group, equities analysts expect that Informa will post 59.3240265 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Stephen A. Carter sold 406,936 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of GBX 865, for a total transaction of £3,519,996.40. 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.