Informa (LON:INF) Shares Cross Above 200-Day Moving Average of $809.30

Shares of Informa plc (LON:INF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 809.30 ($10.27) and traded as high as GBX 870.30 ($11.04). Informa shares last traded at GBX 855.80 ($10.86), with a volume of 2,463,123 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on INF shares. Shore Capital reiterated a “buy” rating on shares of Informa in a research report on Thursday, April 4th. Numis Securities reaffirmed a “buy” rating and issued a GBX 922 ($11.70) price objective on shares of Informa in a research note on Friday, March 8th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 975 ($12.37) target price on shares of Informa in a report on Monday, March 11th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Informa has a consensus rating of “Moderate Buy” and an average target price of GBX 865.33 ($10.98).

Informa Trading Down 0.6 %

The firm has a 50 day moving average price of GBX 837.54 and a two-hundred day moving average price of GBX 809.30. The firm has a market capitalization of £11.55 billion, a P/E ratio of 2,852.67, a price-to-earnings-growth ratio of 0.75 and a beta of 1.10. The company has a debt-to-equity ratio of 25.84, a quick ratio of 1.70 and a current ratio of 0.59.

Insider Buying and Selling at Informa

In related news, insider Gareth Wright sold 57,872 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of GBX 820 ($10.40), for a total value of £474,550.40 ($601,992.13). Corporate insiders own 0.38% of the company’s stock.

About Informa

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.