Informa (LON:INF) Stock Price Passes Above Two Hundred Day Moving Average of $830.87

Informa plc (LON:INF) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 830.87 ($10.93) and traded as high as GBX 836.60 ($11.00). Informa shares last traded at GBX 836 ($10.99), with a volume of 1,729,432 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Berenberg Bank raised their price objective on Informa from GBX 975 ($12.82) to GBX 1,010 ($13.28) and gave the stock a “buy” rating in a research note on Friday, June 28th. Citigroup reissued a “buy” rating on shares of Informa in a research note on Thursday, July 4th. Finally, Shore Capital restated a “buy” rating on shares of Informa in a report on Wednesday, July 24th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Informa presently has an average rating of “Moderate Buy” and a consensus price target of GBX 900.50 ($11.84).

Informa Price Performance

The company has a quick ratio of 1.70, a current ratio of 0.56 and a debt-to-equity ratio of 29.87. The stock has a market capitalization of £11.03 billion, a price-to-earnings ratio of 3,605.22, a P/E/G ratio of 0.75 and a beta of 1.12. The company’s 50-day simple moving average is GBX 838.48 and its 200 day simple moving average is GBX 830.96.

Informa Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 8th will be given a dividend of GBX 6.40 ($0.08) per share. This represents a yield of 0.76%. The ex-dividend date of this dividend is Thursday, August 8th. Informa’s 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.