Markit Ltd. (INFO) Upgraded to Outperform by Robert W. Baird
Robert W. Baird upgraded shares of Markit Ltd. (NASDAQ:INFO) from a neutral rating to an outperform rating in a research note issued to investors on Friday morning. Robert W. Baird currently has $41.00 price objective on the stock, up from their prior price objective of $39.00.
A number of other equities research analysts also recently weighed in on INFO. Deutsche Bank AG raised shares of Markit to a buy rating in a report on Sunday, July 17th. William Blair reissued an outperform rating on shares of Markit in a report on Sunday, July 17th. BMO Capital Markets reissued a buy rating and issued a $41.00 price target on shares of Markit in a report on Monday, July 18th. Zacks Investment Research raised shares of Markit from a strong sell rating to a hold rating in a report on Wednesday, July 13th. Finally, Cantor Fitzgerald restated a hold rating and set a $35.00 price objective on shares of Markit in a report on Monday, July 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $38.80.
Shares of Markit (NASDAQ:INFO) opened at 36.93 on Friday. The company has a 50 day moving average of $36.37 and a 200 day moving average of $34.32. The firm has a market capitalization of $6.49 billion, a PE ratio of 57.79 and a beta of 0.94. Markit has a 52-week low of $26.01 and a 52-week high of $37.83.
In other news, EVP Michele Louise Trogni sold 7,150 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $35.66, for a total value of $254,969.00. Following the completion of the sale, the executive vice president now directly owns 53,138 shares of the company’s stock, valued at $1,894,901.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William E. Ford sold 7,001,911 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $35.69, for a total value of $249,898,203.59. The disclosure for this sale can be found here.
Markit Company Profile
Markit Ltd. is a global diversified provider of financial information services. The Company provides pricing and reference data, indices, valuation and trading services, trade processing, enterprise software and managed services. The Company’s business is organized in three segments: Information, Processing and Solutions.
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