Informa (OTCMKTS:IFJPY) Shares Down 0.5%

Posted by on Jun 22nd, 2023

Informa plc (OTCMKTS:IFJPY – Get Rating) shares dropped 0.5% during mid-day trading on Wednesday . The stock traded as low as $18.08 and last traded at $18.20. Approximately 2,843 shares changed hands during trading, a decline of 16% from the average daily volume of 3,384 shares. The stock had previously closed at $18.30.

Analyst Upgrades and Downgrades

IFJPY has been the topic of several recent analyst reports. Barclays increased their price objective on shares of Informa from GBX 765 ($9.79) to GBX 805 ($10.30) in a report on Friday, March 10th. Credit Suisse Group upped their target price on shares of Informa from GBX 750 ($9.60) to GBX 816 ($10.44) in a research note on Friday, March 10th. Finally, Morgan Stanley cut shares of Informa from an “overweight” rating to an “equal weight” rating in a report on Thursday, March 23rd.

Informa Stock Down 0.5 %

The company has a 50 day moving average of $17.69 and a 200 day moving average of $16.58.

Informa Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, July 24th. Shareholders of record on Friday, June 2nd will be given a $0.1504 dividend. This represents a yield of 1.22%. This is a boost from Informa’s previous dividend of $0.06. The ex-dividend date is Thursday, June 1st. Informa’s dividend payout ratio is 82.47%.

Informa Company Profile

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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.

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