Informa (LON:INF) Downgraded by Citigroup to “Neutral”

Citigroup lowered shares of Informa (LON:INF) to a neutral rating in a research report released on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other brokerages also recently weighed in on INF. Goldman Sachs Group increased their price objective on shares of Informa from GBX 819 ($10.70) to GBX 857 ($11.20) and gave the company a neutral rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. downgraded shares of Informa to a neutral rating and lowered their price objective for the company from GBX 812 ($10.61) to GBX 811 ($10.60) in a research report on Friday, May 17th. UBS Group restated a buy rating on shares of Informa in a research report on Thursday, July 25th. Berenberg Bank downgraded shares of Informa to a hold rating and increased their price objective for the company from GBX 850 ($11.11) to GBX 890 ($11.63) in a research report on Friday, July 26th. Finally, Shore Capital downgraded shares of Informa to a hold rating in a research report on Friday, May 24th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 897.30 ($11.72).

Shares of Informa stock opened at GBX 850.80 ($11.12) on Tuesday. The company has a market capitalization of $10.65 billion and a P/E ratio of 35.30. The firm’s 50 day moving average is GBX 836.24. Informa has a twelve month low of GBX 602.80 ($7.88) and a twelve month high of GBX 900.80 ($11.77). The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 51.63.

The firm also recently declared a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 8th will be given a GBX 7.55 ($0.10) dividend. The ex-dividend date is Thursday, August 8th. This represents a yield of 0.86%. Informa’s payout ratio is presently 0.91%.

In other Informa news, insider John Rishton purchased 6,482 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were acquired at an average cost of GBX 766 ($10.01) per share, for a total transaction of £49,652.12 ($64,879.29).

Informa Company Profile

Informa plc engages in business intelligence, academic publishing, and knowledge and events businesses worldwide. The company operates through Academic Publishing, Business Intelligence, Global Exhibitions, and Knowledge & Networking segments. The Academic Publishing segment publishes academic books and journals in print and digital formats for university libraries and departments, specialist research institutions, and individuals in the areas of humanities and social sciences, science, technology, and medicine.

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Analyst Recommendations for Informa (LON:INF)

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