Informa (LON:INF) Shares Pass Above Two Hundred Day Moving Average of $607.12

Shares of Informa plc (LON:INF – Get Rating) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 607.12 ($7.40) and traded as high as GBX 680 ($8.29). Informa shares last traded at GBX 678.20 ($8.27), with a volume of 3,548,420 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on INF shares. Numis Securities restated an “add” rating and set a GBX 750 ($9.14) target price on shares of Informa in a report on Thursday, March 9th. Barclays boosted their target price on shares of Informa from GBX 725 ($8.84) to GBX 765 ($9.32) and gave the stock an “overweight” rating in a report on Friday, January 20th. Finally, Shore Capital restated a “buy” rating on shares of Informa in a report on Thursday, March 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 712.86 ($8.69).

Informa Stock Performance

The stock has a market capitalization of £9.56 billion, a price-to-earnings ratio of 7,535.56, a P/E/G ratio of 0.75 and a beta of 1.11. The company’s fifty day simple moving average is GBX 667.44 and its 200 day simple moving average is GBX 607.12. The company has a quick ratio of 1.70, a current ratio of 1.31 and a debt-to-equity ratio of 31.87.

Informa Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 1st will be issued a GBX 6.80 ($0.08) dividend. This is an increase from Informa’s previous dividend of $3.00. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Thursday, June 1st. Informa’s payout ratio is currently 11,111.11%.

Informa Company Profile

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Informa plc operates as an intelligence, events, and scholarly research company worldwide. It operates through five divisions: Informa Connect, Informa Intelligence, Informa Markets, Informa Tech, and Taylor & Francis. The Informa Connect division delivers specialist content and live experiences through in-person and virtual events, and digital platforms and services that enables businesses and professionals to meet, connect, learn, and share knowledge.