Analyst Rating Update on Markit Ltd. (MRKT)

Markit Ltd. (NASDAQ:MRKT) has an average broker rating of 2.43, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

Markit Ltd. (NASDAQ:MRKT) : The most positive equity analysts on Markit Ltd. (NASDAQ:MRKT) expects the shares to touch $38, whereas, the least positive believes that the stock will trade at $27 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $33.9 with an expected fluctuation of $3.51 from the mean.

Company shares have received an average consensus rating of Hold for the current week

Markit Ltd. (NASDAQ:MRKT): stock turned positive on Tuesday. Though the stock opened at $30.68, the bulls momentum made the stock top out at $31.32 level for the day. The stock recorded a low of $30.55 and closed the trading day at $31.3, in the green by 2.96%. The total traded volume for the day was 1,423,020. The stock had closed at $30.4 in the previous days trading.

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 Companys business is organized in three segments. The Information segment provides content comprising pricing and reference data, indices, and valuation and trading services across multiple asset classes and geographies through both direct and third-party distribution channels. The Processing segment offers trade processing solutions globally for over-the-counter (OTC) derivatives, foreign exchange (FX) and syndicated loans, including connectivity, infrastructure and post-trade support. The Solutions segment provides configurable enterprise software platforms, managed services and hosted custom Web solutions. The Company has operations around the world and sells mainly within the United Kingdom, the United States of America and Europe.

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