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

Key Points

• Informa shares rose above their 200-day moving average, reaching GBX 900.40 and last trading at GBX 897.54, compared with the 200-day average of GBX 841.77.
• Analysts remain broadly optimistic: six analysts rate the stock a Buy, with a consensus rating of “Buy” and an average price target of GBX 1,135.
• Informa reported quarterly EPS of GBX 26.70, alongside a 5.43% net margin and 3.90% return on equity; analysts expect full-year EPS of approximately GBX 59.32.

Shares of Informa plc (LON:INF - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 841.77 and traded as high as GBX 900.40. Informa shares last traded at GBX 897.54, with a volume of 1,973,435 shares trading hands.

Analyst Ratings Changes

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

Informa Stock Performance

The company has a current ratio of 0.55, a quick ratio of 1.70 and a debt-to-equity ratio of 64.99. The company has a market capitalization of £11.21 billion, a PE ratio of 52.49, a PEG ratio of 0.75 and a beta of 0.68. The firm's 50-day simple moving average is GBX 896.14 and its 200-day simple moving average is GBX 841.77.

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

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. 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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