Entry into the FTSE100 has been confirmed. The shares have moved ahead based on positive sentiment and were arguably getting frothy. Entry into the FTSE100 will add to the valuation and INF is now trading more closely to RELX Group valuation of 13x EV/EBITDA FY16e. With that in mind we lift our target multiple for INF to 13x. Immediate downside risk is from US$ strength reversal (INF benefits from both translation and transaction exposure) if BREXIT does not occur (BREXIT unlikely in the writers ....
03 Mar 2016
FTSE100 Entry
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FTSE100 Entry
Informa Plc (INF:LON) | 835 -51.8 (-0.7%) | Mkt Cap: 11,390m
- Published:
03 Mar 2016 -
Author:
Johnathan Barrett -
Pages:
3
Entry into the FTSE100 has been confirmed. The shares have moved ahead based on positive sentiment and were arguably getting frothy. Entry into the FTSE100 will add to the valuation and INF is now trading more closely to RELX Group valuation of 13x EV/EBITDA FY16e. With that in mind we lift our target multiple for INF to 13x. Immediate downside risk is from US$ strength reversal (INF benefits from both translation and transaction exposure) if BREXIT does not occur (BREXIT unlikely in the writers ....