Stephen Carter, an insider at Informa plc, sold 330,249 shares of the company on January 22, 2024, in a transaction valued at approximately £3,084,525.66. The shares were sold at an average price of GBX 934 each, reflecting significant movement in the stock amid ongoing market analysis.
The stock opened at GBX 886.91 on the same day. Informa’s financial metrics show a quick ratio of 1.70 and a current ratio of 0.56, indicating a solid position in managing short-term liabilities. The company’s debt-to-equity ratio stands at 31.98, suggesting a conservative use of leverage. Informa has a market capitalization of £11.34 billion, with a price-to-earnings ratio of 161.26.
Stock Performance and Analyst Ratings
Informa’s performance over the past year has seen fluctuations, with a fifty-two week low of GBX 634.20 and a high of GBX 1,000. The stock’s 50-day moving average is GBX 905.75, while the 200-day moving average is GBX 904.39.
Equities research analysts have expressed positive sentiment towards Informa. For instance, Panmure Gordon recently reiterated a “buy” rating, setting a target price of GBX 1,200. Similarly, Berenberg Bank reaffirmed a “buy” rating with a price objective of GBX 1,030, while UBS Group also maintained a “buy” rating with a target price of GBX 1,055.
In addition, Deutsche Bank Aktiengesellschaft raised its target price from GBX 1,000 to GBX 1,140 in a research note, citing confidence in the company’s growth prospects. Conversely, JPMorgan Chase & Co. adjusted its target price down from GBX 1,345 to GBX 1,330, maintaining an “overweight” rating for the stock. Currently, six analysts rate the stock as a “buy,” while one analyst has issued a “hold” rating, leading to an average rating of “Moderate Buy” with a consensus target price of GBX 1,097.86, according to data from MarketBeat.
About Informa plc
Informa plc is a leading firm that connects specialists across various sectors through its events, digital products, and academic research services. The company operates in numerous niche markets, including Healthcare, Technology, Finance, and Education. Informa provides a diverse range of offerings, such as major live events, specialist media, expert research articles, and digital demand generation services.
As the market continues to evolve, the recent insider transaction and analyst ratings suggest a dynamic landscape for Informa, positioning the company for potential growth in the coming months.
