IHS Markit (INFO) PT Lowered to $53.00 at UBS Group
IHS Markit (NASDAQ:INFO) had its price objective cut by UBS Group from $55.00 to $53.00 in a report published on Tuesday, www.benzinga.com reports. They currently have a neutral rating on the business services provider’s stock.
Several other research analysts have also recently weighed in on the stock. BidaskClub cut shares of IHS Markit from a buy rating to a hold rating in a report on Saturday, December 15th. Credit Suisse Group began coverage on shares of IHS Markit in a research report on Friday, December 7th. They issued an outperform rating and a $65.00 price objective on the stock. Bank of America began coverage on shares of IHS Markit in a research report on Tuesday, October 23rd. They issued a buy rating and a $63.00 price objective on the stock. Morgan Stanley set a $46.00 price objective on shares of IHS Markit and gave the stock a sell rating in a research report on Monday, October 15th. Finally, Barclays began coverage on shares of IHS Markit in a research report on Thursday, October 11th. They issued an overweight rating on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. IHS Markit currently has an average rating of Buy and an average price target of $58.33.
IHS Markit stock traded down $0.20 during midday trading on Tuesday, hitting $49.69. 68,601 shares of the stock were exchanged, compared to its average volume of 2,518,617. IHS Markit has a 52-week low of $43.07 and a 52-week high of $55.99. The stock has a market cap of $19.55 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 2.12 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 0.43.
About IHS Markit
IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.
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