Informa (INF.L) 31-01-20
Will Informa (INF.L) fall beyond the 772p support level, or will we see a retest of 870p? (+12%)
- The stock is near support at 772p, now trading at 775.2p (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 870p? (+12%).
- 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 -13% from 12-month highs; +14% from 12 month lows.
Latest News
08:00: Barclays Capital reiterates its overweight rating on Informa (INF) and increased the target price to 960p (from 920p).
28 Jan: UBS reiterates its buy rating on Informa (INF) and increased the target price to 950p (from 905p).
23 Jan: Stephen Carter, Chief Executive Officer, bought 210 shares within the firm on the 20th January 2020 at a price of 856.40p. This Director currently has 105,873 shares.
23 Jan: Gareth Wright, Financial Director, bought 210 shares within the firm on the 20th January 2020 at a price of 856.40p.
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 reduced the target price to 950p (from 970p).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires