Analysts at Berenberg hiked their target price on publishing and events group Informa from 930.00p to 1,030.00p on Thursday following the group's H125 results a day earlier.
Source: Sharecast
Berenberg said Informa's H125 results beat consensus adjusted operating expectations by 3.5% and noted that the group upgraded its FY2 earnings per share guidance to growth of above 10%.
The German bank said most of the beat and upgrade was driven by better-than-consensus margins in Informa's business-to-business events division, pointing out that a continuation of this was a core part of its 'buy' stance on the stock.
"We raise our EPS estimates by 3% and our price target to 1,030p. The shares trade on a FY25E P/E of 15.7x, falling to 14.7x in FY26E, for an EPS CAGR of 8%, excluding further buybacks, which we expect," said Berenberg.
"As Informa continues to demonstrate resilient growth despite macroeconomic volatility, we expect the shares to re-rate."
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
