Deutsche Bank has pointed to nearly 30% upside for Informa PLC (LSE:INF), as analysts look beyond a messy first-half print and toward a recovery in Middle East activity next year.
The German bank, in a note, repeated a ‘Buy’ rating with a 1,140p price target (current price: 906.6p) for the events and information group, ahead of first-half 2026 results on 30 July, following a positive five-month trading and AGM update on 18 June.
Analyst Steve Liechti said the update should offer investors a clearer read on Middle East sentiment, which has been volatile but is “improving in our view”. The actual figures may prove harder to parse, according to the Deutsche Bank analyst, who expects various one-offs to complicate the half-year numbers, with Middle East deferrals and one-off items dragging on profit.
Even so, the broker remains constructive, arguing that “INF is a well-positioned, scaled growth business that can react rapidly to near-term issues”.
While uncertainty remains around the Middle East in FY26, Deutsche Bank said recent news looks better, and it remains positive on the region’s medium-term growth prospects.
The broker said Informa’s valuation and growth profile look attractive into FY27, helped by a forecast Middle East return and a biennial positive year.
On Deutsche Bank’s forecasts, Informa trades on an FY27 adjusted EV/EBIT multiple of around 10 times, with a free cash flow yield of around 9%.
Informa is described by Deutsche Bank as a well-positioned, scaled growth business with the ability to respond quickly to near-term issues.
