Markit Ltd. (INFO) Upgraded by Barclays PLC to “Outperform”
A number of other brokerages also recently commented on INFO. Piper Jaffray Cos. restated an overweight rating and issued a $43.00 target price on shares of Markit in a research note on Monday, August 29th. Macquarie began coverage on Markit in a research note on Thursday, August 25th. They issued a neutral rating and a $39.00 target price on the stock. BMO Capital Markets boosted their target price on Markit from $41.00 to $43.00 and gave the company an outperform rating in a research note on Friday, August 26th. Robert W. Baird upgraded Markit from a neutral rating to an outperform rating and boosted their target price for the company from $39.00 to $41.00 in a research note on Friday. Finally, Cantor Fitzgerald restated a hold rating on shares of Markit in a research note on Friday, August 19th. One analyst has rated the stock with a sell rating, eight have assigned 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) traded up 0.41% during midday trading on Friday, reaching $36.81. The company’s stock had a trading volume of 149,167 shares. Markit has a 52 week low of $26.01 and a 52 week high of $37.83. The firm has a market capitalization of $6.47 billion, a PE ratio of 57.61 and a beta of 0.94. The stock has a 50 day moving average of $36.05 and a 200 day moving average of $34.00.
In other Markit news, EVP Shane Akeroyd sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $35.28, for a total value of $1,764,000.00. Following the completion of the transaction, the executive vice president now owns 90,706 shares of the company’s stock, valued at approximately $3,200,107.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jerre L. Stead sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $35.05, for a total value of $2,453,500.00. Following the completion of the transaction, the chief executive officer now directly owns 843,380 shares of the company’s stock, valued at approximately $29,560,469. 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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