Bank of America Initiates Coverage on Markit (MRKT)
A number of other analysts have also recently weighed in on MRKT. Analysts at Morgan Stanley initiated coverage on shares of Markit in a research note on Monday. They set an “equal weight” rating and a $29.00 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Markit in a research note on Monday. They set a “neutral” rating and a $28.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Markit in a research note on Monday. They set a “buy” rating and a $29.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.33.
Markit (NASDAQ:MRKT) traded down 3.34% on Monday, hitting $25.79. The stock had a trading volume of 567,156 shares. Markit has a one year low of $26.06 and a one year high of $27.45. The stock has a 50-day moving average of $26.84 and a 200-day moving average of $26.84. The company has a market cap of $4.613 billion and a price-to-earnings ratio of 36.95.
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.
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