Markit Ltd. (INFO) Upgraded at Robert W. Baird
Robert W. Baird upgraded shares of Markit Ltd. (NASDAQ:INFO) from a neutral rating to an outperform rating in a research report report published on Friday morning. They currently have $41.00 price objective on the stock, up from their prior price objective of $39.00.
A number of other equities research analysts have also issued reports on the company. Piper Jaffray Cos. reissued an overweight rating and set a $43.00 price target on shares of Markit in a research note on Monday, August 29th. BMO Capital Markets raised their price target on Markit from $41.00 to $43.00 and gave the stock an outperform rating in a research note on Friday, August 26th. Macquarie assumed coverage on Markit in a research note on Thursday, August 25th. They set a neutral rating and a $39.00 price target for the company. Cantor Fitzgerald reissued a hold rating on shares of Markit in a research note on Friday, August 19th. Finally, TheStreet raised Markit from a hold rating to a buy rating in a research note on Monday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Markit currently has an average rating of Hold and an average target price of $38.80.
Shares of Markit (NASDAQ:INFO) opened at 36.71 on Friday. The company has a market capitalization of $6.45 billion, a P/E ratio of 57.45 and a beta of 0.94. The firm has a 50-day moving average price of $36.31 and a 200 day moving average price of $34.30. Markit has a 12-month low of $26.01 and a 12-month high of $37.83.
In other news, Director William E. Ford sold 7,001,911 shares of the firm’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $35.69, for a total value of $249,898,203.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Ford sold 3,000,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $35.05, for a total value of $105,150,000.00. The disclosure for this sale can be found here.
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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