Informa (INF.L) 23-01-20
Will Informa (INF.L) fall beyond the 824p support level, or will we see a retest of 892p? (+7%)
- The stock is near support at 824p, now trading at 832.0p (at time of writing).
- Whilst the past does not always repeat itself, the support level has held up well.
- From here, will buying pressure return to drive the price back to 892p? (+7%).
- As always, be aware of news and events that can change the market’s perception of value – this can lead to key levels being broken.
- Shares -6% from 12-month highs; +23% from 12 month lows.
Latest News
20 Jan: Goldman Sachs reiterates its sell rating on Informa (INF) and increased the target price to 769p (from 690p).
16 Jan: JP Morgan Cazenove reiterates its neutral rating on Informa (INF) and increased the target price to 873p (from 869p).
13 Jan: HSBC reiterates its buy rating on Informa (INF) and cut the target price to 950p (from 970p).
13 Dec: Shore Capital has upgraded its rating on Informa (INF) to buy (from hold).
21 Nov: Goldman Sachs reiterates its sell rating on Informa (INF) and cut the target price to 690p (from 723p).
12 Nov: Kepler Cheuvreux has upgraded its rating on Informa (INF) to buy (from hold).
12 Nov: JP Morgan Cazenove reiterates its neutral rating on Informa (INF) and increased the target price to 869p (from 855p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires