Informa (LON:INF) Shares Pass Above 200-Day Moving Average of $832.60

Informa plc (LON:INF) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 832.60 ($11.14) and traded as high as GBX 837.60 ($11.20). Informa shares last traded at GBX 820.20 ($10.97), with a volume of 2,262,319 shares trading hands.

Analysts Set New Price Targets

Several analysts recently weighed in on INF shares. Citigroup reissued a “buy” rating on shares of Informa in a report on Thursday, July 4th. Berenberg Bank raised their price objective on shares of Informa from GBX 975 ($13.04) to GBX 1,010 ($13.51) and gave the company a “buy” rating in a research note on Friday, June 28th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Informa in a report on Wednesday, July 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 900.50 ($12.05).

Informa Stock Up 0.3 %

The company has a market cap of £10.94 billion, a price-to-earnings ratio of 3,566.09, a P/E/G ratio of 0.75 and a beta of 1.12. The company has a current ratio of 0.56, a quick ratio of 1.70 and a debt-to-equity ratio of 29.87. The business has a fifty day moving average price of GBX 835.16 and a two-hundred day moving average price of GBX 832.60.

Informa Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 8th were issued a dividend of GBX 6.40 ($0.09) per share. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 0.76%. Informa’s dividend payout ratio is 8,260.87%.

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.