Trade Report: Today, Informa Plc (INF) Given New GBX 755 Price Target at Canaccord Genuity

Today, Informa Plc (INF) Given New GBX 755 Price Target at Canaccord Genuity

Informa Plc (LON:INF) had its price target raised by equities researchers at Canaccord Genuity from GBX 720 ($9.00) to GBX 755 ($9.43) in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 17.24% from the company’s current price.

Several other research analysts have also commented on the company. Peel Hunt reaffirmed an “add” rating and set a GBX 750 ($9.37) price target on shares of Informa Plc in a research report on Monday, November 7th. Berenberg Bank raised Informa Plc to a “buy” rating and lifted their price target for the stock from GBX 740 ($9.25) to GBX 800 ($10.00) in a research report on Friday, October 21st. Barclays PLC reissued a “restricted” rating on shares of Informa Plc in a report on Monday, October 3rd. Panmure Gordon reissued a “buy” rating and issued a GBX 825 ($10.31) target price on shares of Informa Plc in a report on Friday, November 4th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 877 ($10.96) target price on shares of Informa Plc in a report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 762.61 ($9.53).

Informa Plc (LON:INF) opened at 644.00 on Monday. The firm has a 50-day moving average price of GBX 662.19 and a 200-day moving average price of GBX 650.32. Informa Plc has a one year low of GBX 526.16 and a one year high of GBX 704.50. The stock’s market cap is GBX 4.18 billion.

In related news, insider Helen Owers acquired 1,163 shares of Informa Plc stock in a transaction dated Wednesday, November 16th. The shares were acquired at an average cost of GBX 635 ($7.93) per share, for a total transaction of £7,385.05 ($9,226.70). Also, insider Flaschen,David acquired 1,000 shares of Informa Plc stock in a transaction dated Friday, September 16th. The stock was bought at an average price of GBX 957 ($11.96) per share, for a total transaction of £9,570 ($11,956.52).

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