Informa (LON:INF) Hits New 12-Month High at $862.00

Informa plc (LON:INF - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 862 ($10.83) and last traded at GBX 857.80 ($10.78), with a volume of 15480742 shares trading hands. The stock had previously closed at GBX 831.40 ($10.44).

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Berenberg Bank reissued a "buy" rating and set a GBX 975 ($12.25) price objective on shares of Informa in a research report on Monday, March 11th. Shore Capital restated a "buy" rating on shares of Informa in a report on Thursday, April 4th. Finally, Numis Securities reiterated a "buy" rating and set a GBX 922 ($11.58) target price on shares of Informa in a report on Friday, March 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 865.33 ($10.87).

Informa Trading Up 2.3 %

The company has a debt-to-equity ratio of 25.84, a current ratio of 0.59 and a quick ratio of 1.70. The stock's 50-day moving average is GBX 812.68 and its two-hundred day moving average is GBX 779.88. The company has a market cap of £11.57 billion, a P/E ratio of 3,410.40, a P/E/G ratio of 0.75 and a beta of 1.10.

Informa Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 6th will be paid a dividend of GBX 12.20 ($0.15) per share. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from Informa's previous dividend of $5.80. This represents a yield of 1.51%. Informa's payout ratio is currently 7,200.00%.

Insider Transactions at Informa

In other Informa news, insider Gareth Wright sold 57,872 shares of the firm's stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of GBX 820 ($10.30), for a total value of £474,550.40 ($596,168.84). Company insiders own 0.58% of the company's stock.

Informa Company Profile

Informa plc operates as an international events, digital services, and academic knowledge company in the United Kingdom, Continental Europe, North America, China, and internationally. It operates through four segments: Informa Markets, Informa Tech, Informa Connect, and Taylor & Francis. The Informa Connect segment delivers specialist content, and live events and on-demand experiences for professionals through in-person, live, and digital platforms and services that enables businesses and professionals to meet, network, discuss, and learn.