Informa (LON:INF) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Informa shares crossed above their 200-day moving average of GBX 836.12, reaching GBX 890.80 and last trading at GBX 888.40 on volume of about 1.89 million shares.
• Analysts remain broadly bullish: six analysts rate the stock a Buy, with a consensus target price of GBX 1,135. Berenberg, Citigroup and Deutsche Bank raised or maintained targets, while JPMorgan trimmed its target to GBX 1,285 but kept an Overweight rating.
• Informa reported quarterly earnings of GBX 26.70 per share, alongside a 5.43% net margin and 3.90% return on equity; the company has a market capitalization of approximately £11.10 billion.

Informa plc (LON:INF - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 836.12 and traded as high as GBX 890.80. Informa shares last traded at GBX 888.40, with a volume of 1,887,173 shares trading hands.

Analysts Set New Price Targets

INF has been the topic of a number of research reports. Berenberg Bank raised their price target on Informa from GBX 965 to GBX 1,040 and gave the stock a "buy" rating in a research note on Friday, July 31st. Citigroup upped their price objective on Informa from GBX 990 to GBX 1,090 and gave the company a "buy" rating in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 1,140 target price on shares of Informa in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. dropped their target price on Informa from GBX 1,300 to GBX 1,285 and set an "overweight" rating on the stock in a research report on Thursday, July 2nd. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, Informa currently has an average rating of "Buy" and a consensus target price of GBX 1,135.

Informa Trading Down 1.4%

The firm has a market capitalization of £11.10 billion, a PE ratio of 51.95, a PEG ratio of 0.75 and a beta of 0.68. The company has a quick ratio of 1.70, a current ratio of 0.55 and a debt-to-equity ratio of 64.99. The stock's fifty day simple moving average is GBX 898.38 and its 200 day simple moving average is GBX 836.12.

Informa (LON:INF - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported GBX 26.70 earnings per share for the quarter. Informa had a net margin of 5.43% and a return on equity of 3.90%. On average, sell-side analysts predict that Informa plc will post 59.3240265 earnings per share for the current year.

Informa Company Profile

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. And we do this through a range of products and services, including major live events, specialist media and content, expert research articles, books and open research platforms, accredited training, buyer discovery services, and digital demand and lead-generation services.

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