Markit Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:MRKT)
Markit (NASDAQ:MRKT) has received an average recommendation of “Hold” from the seven analysts that are presently covering the company, American Banking and Market News reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $28.33.
Markit (NASDAQ:MRKT) opened at 26.05 on Tuesday. Markit has a 52 week low of $25.50 and a 52 week high of $27.45. The stock has a 50-day moving average of $26.65 and a 200-day moving average of $26.65. The company has a market cap of $4.660 billion and a price-to-earnings ratio of 36.07.
Several analysts have recently commented on the stock. Analysts at Barclays initiated coverage on shares of Markit in a research note on Monday, July 14th. They set an “equal weight” rating and a $30.00 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of Markit in a research note on Monday, July 14th. They set a “buy” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Markit in a research note on Monday, July 14th. They set an “equal weight” rating and a $29.00 price target on the stock.
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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