Markit Ltd. (INFO) Upgraded by Barclays PLC to Outperform
A number of other analysts have also issued reports on the stock. Bank of America Corp. initiated coverage on shares of Markit in a research report on Friday, July 15th. They set a buy rating and a $40.00 target price on the stock. Royal Bank Of Canada upgraded shares of Markit from a sector perform rating to an outperform rating and lifted their price target for the company from $36.00 to $42.00 in a report on Thursday, July 21st. RBC Capital Markets upgraded shares of Markit from a sector perform rating to an outperform rating and lifted their price target for the company from $36.00 to $42.00 in a report on Thursday, July 21st. Morgan Stanley initiated coverage on shares of Markit in a report on Friday, July 15th. They issued an underweight rating on the stock. Finally, Credit Suisse Group AG reiterated a neutral rating and issued a $37.00 price target on shares of Markit in a report on Friday, July 15th. One investment 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 currently has an average rating of Hold and a consensus price target of $38.80.
Markit (NASDAQ:INFO) opened at 36.93 on Friday. The company’s 50 day moving average is $36.37 and its 200-day moving average is $34.32. Markit has a 52 week low of $26.01 and a 52 week high of $37.83. The firm has a market cap of $6.49 billion, a P/E ratio of 57.79 and a beta of 0.94.
In related news, EVP Jonathan Gear sold 15,000 shares of Markit 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 sale, the executive vice president now owns 319,287 shares of the company’s stock, valued at approximately $11,494,332. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William E. Ford sold 7,001,911 shares of Markit stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $35.69, for a total transaction 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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