Informa (LON:INF) Sets New 1-Year High After Dividend Announcement

Informa plc (LON:INF) hit a new 52-week high during trading on Wednesday after the company announced a dividend. The stock traded as high as GBX 883.40 ($11.43) and last traded at GBX 880.60 ($11.39), with a volume of 4302039 shares. The stock had previously closed at GBX 847 ($10.95).

The newly announced dividend which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 8th will be given a dividend of GBX 6.40 ($0.08) per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a dividend yield of 0.76%. Informa’s dividend payout ratio (DPR) is 6,000.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Berenberg Bank increased their target price on Informa from GBX 975 ($12.61) to GBX 1,010 ($13.06) and gave the company a “buy” rating in a research report on Friday, June 28th. Citigroup reiterated a “buy” rating on shares of Informa in a research report on Thursday, July 4th. Finally, Shore Capital reiterated a “buy” rating on shares of Informa in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 875.40 ($11.32).

Informa Trading Down 1.9 %

The company has a 50 day moving average of GBX 848.98 and a 200 day moving average of GBX 819.36. The company has a debt-to-equity ratio of 25.84, a quick ratio of 1.70 and a current ratio of 0.59. The stock has a market capitalization of £11.63 billion, a price-to-earnings ratio of 2,872.00, a P/E/G ratio of 0.75 and a beta of 1.10.

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.