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 report released on Friday. The brokerage currently has $41.00 price target on the stock, up from their prior price target of $39.00.
INFO has been the topic of a number of other research reports. Goldman Sachs Group Inc. reissued a neutral rating and issued a $38.00 target price on shares of Markit in a research report on Friday, July 22nd. Bank of America Corp. assumed coverage on Markit in a research report on Friday, July 15th. They issued a buy rating and a $40.00 target price on the stock. TheStreet raised Markit from a hold rating to a buy rating in a research report on Monday, August 15th. Credit Suisse Group AG reissued a neutral rating and issued a $37.00 target price on shares of Markit in a research report on Friday, July 15th. Finally, Stifel Nicolaus lowered Markit from a buy rating to a hold rating in a research report on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. Markit currently has an average rating of Hold and an average target price of $38.80.
Markit (NASDAQ:INFO) opened at 36.93 on Friday. The company has a 50 day moving average price of $36.37 and a 200-day moving average price of $34.32. The firm has a market capitalization of $6.49 billion, a price-to-earnings 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 related news, EVP Jonathan Gear sold 15,000 shares of the business’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $36.00, for a total value of $540,000.00. Following the completion of the sale, the executive vice president now directly owns 319,287 shares in the company, valued at approximately $11,494,332. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William E. Ford sold 7,001,911 shares of the business’s stock in a transaction 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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