Markit Ltd. (INFO) Upgraded by Barclays PLC to Outperform
INFO has been the topic of a number of other reports. Macquarie initiated coverage on shares of Markit in a research report on Thursday, August 25th. They set a neutral rating and a $39.00 price objective on the stock. BMO Capital Markets boosted their price objective on shares of Markit from $41.00 to $43.00 and gave the company an outperform rating in a research report on Friday, August 26th. TheStreet raised shares of Markit from a hold rating to a buy rating in a research report on Monday, June 20th. Royal Bank Of Canada raised shares of Markit from a sector perform rating to an outperform rating and boosted their price objective for the company from $36.00 to $42.00 in a research report on Thursday, July 21st. Finally, Robert W. Baird raised shares of Markit from a neutral rating to an outperform rating and boosted their price objective for the company from $39.00 to $41.00 in a research report on Friday, September 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $38.80.
Markit (NASDAQ:INFO) opened at 36.93 on Friday. The firm’s 50-day moving average is $36.37 and its 200 day moving average is $34.32. Markit has a one year low of $26.01 and a one year high of $37.83. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 57.79 and a beta of 0.94.
In related news, CEO Jerre L. Stead sold 70,000 shares of the company’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $35.05, for a total transaction of $2,453,500.00. Following the completion of the transaction, the chief executive officer now directly owns 843,380 shares in the company, valued at approximately $29,560,469. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jonathan Gear sold 15,000 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $36.00, for a total transaction of $540,000.00. Following the transaction, the executive vice president now owns 319,287 shares of the company’s stock, valued at $11,494,332. 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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