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Home / Support and Resistance / Informa (INF.L) 28-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Informa (INF.L) 28-10-19

Will Informa (INF.L) fall beyond the 755p support level, or will we see a retest of 892p? (+18%)

 

  • The stock is near support at 755p, now trading at 754.2p (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? (+18%).
  • 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 -15% from 12-month highs; +24% from 12 month lows.

Latest News

24 Oct:  UBS reiterates its buy rating on Informa (INF) and reduced the target price to 905p (from 960p).

23 Oct:  Berenberg reiterates its hold rating on Informa (INF) and reduced the target price to 845p (from 890p).

30 Jul:  Citigroup has downgraded its rating on Informa (INF) to neutral (from buy).

29 Jul:  Peel Hunt has downgraded its rating on Informa (INF) to hold (from add) and increased the target price to 875p  (from 840p).

26 Jul:  Berenberg has downgraded its rating on Informa (INF) to hold (from buy) and increased the target price to 890p  (from 850p).

26 Jul:  Deutsche Bank reiterates its buy rating on Informa (INF) and increased the target price to 1050p (from 930p).

25 Jul:  Barclays Capital reiterates its overweight rating on Informa (INF) and increased the target price to 980p (from 850p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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