Informa PLC (INF.L): Upgrade to Buy; UK government change travel advice to Middle East

Research evidence excerpt

Informa PLC (INF.L): Upgrade to Buy; UK government change travel advice to Middle East

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19 Jun 2026 01:21:33 ET │ 14 pages

Informa PLC (INF.L)

Upgrade to Buy; UK government change travel advice to Middle East

CITI’S TAKE

Yesterday the UK government dropped its advice against travelling to UAE

Buy ↑ from Neutral and Saudi Arabia which follows this week’s announcement of a

Price (18 Jun 26 16:30) £8.64 memorandum of understanding between the US and Iran in relation to

ending the conflict in the Middle East. We think the UK change in advice is Target price £9.90↑

likely a precursor to other governments following suit. In our note from £8.50

yesterday, we highlighted government advice against travelling as a factor Expected share price return 14.6%

which could impact the remaining IMEA events in the affected regions Expected dividend yield 2.8%

going ahead. With this overhang removed, we think investors will Expected total return 17.4%

increasingly turn their focus to FY27E where Visible Alpha consensus

Market Cap £10,917M implies +16% adj. EPS growth. This attractive growth profile combined

US$14,661M with the shares trading on 13x FY27E P/E is a better setup for the shares to

outperform. As such, we increase our target price to 990p (from 850p) and

upgrade to Buy.

Ciaran DonnellyAC

UK government change to travel advice — In yesterday’s note following the AGM +44-207-508-3219

trading update, we highlighted that an important factor that would determine ciaran.donnelly@citi.com

whether or not the remaining key events in the affected regions in IMEA would go

Doyinsola Ojoahead was government’s travel advice to the region. This advice has implications for

the ability of individuals to get travel insurance. Yesterday the UK government +44-20-7986-4112