IHS Markit Ltd Receives a Buy from RBC Capital

By Jason Carr

In a report released today, Gary Bisbee from RBC Capital reiterated a Buy rating on IHS Markit Ltd (NASDAQ: INFO), with a price target of $50. The company’s shares closed yesterday at $45.37, close to its 52-week high of $47.92.

According to TipRanks.com, Bisbee is a 5-star analyst with an average return of 10.7% and a 72.5% success rate. Bisbee covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Emerald Expositions Events Inc, and Servicemaster Global Holdings.

Currently, the analyst consensus on IHS Markit Ltd is Moderate Buy and the average price target is $46.33, representing a 2.1% upside.

In a report issued on June 16, Deutsche Bank also reiterated a Buy rating on the stock with a $52 price target.

IHS Markit Ltd’s market cap is currently $19.14B and has a P/E ratio of 69.8. The company has a book value ratio of 2.4886.

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Markit Ltd. is a holding company, which provides financial information services. It operates through the following segments: Information, Processing, and Solutions.