Shares of Bats Global Markets Inc (NASDAQ:BATS) saw unusually-strong trading volume on Thursday . Approximately 203,153 shares were traded during mid-day trading, an increase of 3% from the previous session’s volume of 196,302 shares.The stock last traded at $23.89 and had previously closed at $23.50.

BATS has been the subject of a number of research analyst reports. Royal Bank Of Canada initiated coverage on shares of Bats Global Markets in a research report on Tuesday, June 21st. They set an “underperform” rating and a $23.00 price objective for the company. Zacks Investment Research raised Bats Global Markets from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a report on Tuesday, June 21st. Barclays PLC lifted their target price on Bats Global Markets from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Friday, August 5th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $25.00 target price on shares of Bats Global Markets in a report on Wednesday, August 10th. Finally, Raymond James Financial Inc. raised Bats Global Markets from an “underperform” rating to a “market perform” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Bats Global Markets presently has a consensus rating of “Hold” and a consensus target price of $25.25.

The firm has a 50 day moving average price of $25.34 and a 200-day moving average price of $25.42.

Bats Global Markets (NASDAQ:BATS) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Equities analysts expect that Bats Global Markets Inc will post $1.38 EPS for the current fiscal year.

BATS Global Markets, Inc (BATS) is an operator of exchanges and provider of services for financial markets. The Company facilitates securities trading and exchange traded products (ETP) listings for the United States and European equity securities and operates a United States options exchange. BATS serves the foreign exchange (FX) market, operating Hotspot, an institutional spot foreign exchange market.

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