IHS Markit (INFO) Receives a Buy from Barclays

Barclays analyst Manav Patnaik maintained a Buy rating on IHS Markit (INFOResearch Report) yesterday and set a price target of $70.00. The company’s shares closed last Monday at $55.53.

According to TipRanks.com, Patnaik is a 5-star analyst with an average return of 11.8% and a 66.1% success rate. Patnaik covers the Services sector, focusing on stocks such as Emerald Expositions Events, Laureate Education, and Factset Research.

Currently, the analyst consensus on IHS Markit is a Moderate Buy with an average price target of $80.18, implying a 57.5% upside from current levels. In a report issued on March 3, RBC Capital also maintained a Buy rating on the stock with a $85.00 price target.

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The company has a one-year high of $81.65 and a one-year low of $49.00. Currently, IHS Markit has an average volume of 2.72M.

Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of INFO in relation to earlier this year.

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IHS Markit Ltd. engages in the provision of information, analytics, and solutions to customers in the business, finance, and government sectors. It operates through the following segments: Financial Services, Transportation, Resources, and Consolidated Markets and Solutions.