Berenberg raises target price on Informa

(Sharecast News) - Analysts at Berenberg lifted their target price for Informa from 965p to 1,040p on Friday, stating the firm's first‑half results and FY27 outlook underscored a stronger growth profile than previously assumed. Berenberg noted H126 revenue and adjusted operating profits came in 1.6% and 4% ahead of consensus, respectively, with Informa reiterating guidance for around 6% underlying revenue growth and double‑digit earnings per share expansion in FY27 despite ongoing Middle East disruption.

It highlighted that 2027 should be a "strong biennial year", supported by deferred event revenues and early visibility, with around $800m already committed or visible for H127.

Berenberg highlighted 8% underlying growth in business-to-business events, with seven major brands scheduled in the Middle East in H2 and around £315m of regional exposure included in guidance.

In its academic markets unit, underlying growth was 5.4%, excluding AI licensing deals, and Berenberg expects Informa to receive around £25m net from its recent Anthropic settlement. Berenberg also pointed to Informa's new £100m buyback, taking FY26 repurchases to £350m, as a further sign of confidence.

The German bank kept its FY26 EPS forecast, but raised FY27-28 estimates by around 2%, citing stronger momentum and capital returns, and stated the shares looked attractive on 14x FY27 earnings.









Reporting by Iain Gilbert at Sharecast.com