Informa Plc (INF) Reaches New 52-Week High at $748.50

Informa Plc (LON:INF) reached a new 52-week high on Tuesday . The company traded as high as GBX 748.50 ($9.84) and last traded at GBX 743.50 ($9.78), with a volume of 1997055 shares. The stock had previously closed at GBX 743.50 ($9.78).

A number of research analysts recently issued reports on the stock. Kepler Capital Markets restated a “hold” rating and set a GBX 700 ($9.21) price objective on shares of Informa Plc in a report on Monday. Deutsche Bank AG boosted their price objective on shares of Informa Plc from GBX 790 ($10.39) to GBX 880 ($11.57) and gave the company a “buy” rating in a report on Sunday, November 12th. J P Morgan Chase & Co restated a “neutral” rating on shares of Informa Plc in a report on Friday, November 10th. Berenberg Bank boosted their price objective on shares of Informa Plc from GBX 800 ($10.52) to GBX 810 ($10.65) and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Peel Hunt restated a “buy” rating and set a GBX 740 ($9.73) price objective on shares of Informa Plc in a report on Thursday, November 9th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 779.23 ($10.25).

In other Informa Plc news, insider Gareth Bullock acquired 125 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of GBX 669 ($8.80) per share, with a total value of £836.25 ($1,099.89). Also, insider Stephen A. Carter acquired 256 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average cost of GBX 705 ($9.27) per share, for a total transaction of £1,804.80 ($2,373.80). In the last three months, insiders bought 405 shares of company stock worth $280,161.

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About Informa Plc

Informa PLC, together with its subsidiaries, operates in business intelligence, academic publishing, and knowledge and events businesses worldwide. It operates in five segments: Academic Publishing, Business Intelligence, Global Exhibitions, Knowledge & Networking, and Penton Information Services.

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