Informa (LON:INF) Hits New 52-Week High at $840.20

Informa plc (LON:INF)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 840.20 ($10.62) and last traded at GBX 836.60 ($10.57), with a volume of 1598497 shares changing hands. The stock had previously closed at GBX 836.20 ($10.57).

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 975 ($12.32) target price on shares of Informa in a research note on Monday, March 11th. Numis Securities restated a “buy” rating and set a GBX 922 ($11.65) price objective on shares of Informa in a research note on Friday, March 8th. Finally, Shore Capital restated a “buy” rating on shares of Informa in a research note on Thursday, January 11th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 865.33 ($10.94).

Informa Price Performance

The company has a debt-to-equity ratio of 25.84, a current ratio of 0.59 and a quick ratio of 1.70. The company has a 50-day simple moving average of GBX 803.12 and a two-hundred day simple moving average of GBX 764.78. The stock has a market capitalization of £11.30 billion, a price-to-earnings ratio of 3,324.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.10.

Informa Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 6th will be given a GBX 12.20 ($0.15) dividend. The ex-dividend date is Thursday, June 6th. This is a positive change from Informa’s previous dividend of $5.80. This represents a yield of 1.51%. Informa’s dividend payout ratio (DPR) is currently 7,200.00%.

Insiders Place Their Bets

In other Informa news, insider Patrick Martell sold 46,855 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of GBX 743 ($9.39), for a total value of £348,132.65 ($439,950.27). 0.58% of the stock is owned by corporate insiders.

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.