Infosys Limited Gets a Buy Rating from Jefferies

By Carrie Williams

Jefferies analyst Arya Sen reiterated a Buy rating on Infosys Limited (NYSE: INFY) today and set a price target of $20.30. The company’s shares closed on Friday at $16.62.

According to TipRanks.com, Sen is ranked #1756 out of 4771 analysts.

Infosys Limited has an analyst consensus of Hold, with a price target consensus of $17.66.

The company has a one-year high of $18.71 and a one-year low of $13.88. Currently, Infosys Limited has an average volume of 6.21M.

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Infosys Ltd. is a consulting, technology and outsourcing company, which provides end-to-end business solutions thereby enabling clients to enhance business performance. The company operates through following segments: Financial Services, Manufacturing, Retail, Consumer packaged goods and Logistics, the Energy & Utilities, Communication & Services, Hi-Tech, Life Sciences, Healthcare & Insurance and All Other. It offers information technology services, engineering Services, consulting Services, BPO services and products and platforms. The company’s end-to-end business solutions include business information technology services, comprising application development and maintenance, independent validation services, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services, comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking product, which offers solutions to address core banking, mobile banking and e-banking needs of retail, corporate and universal banks worldwide. Infosys was founded by K. Dinesh, S. Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Nandan M. Nilekani, Raghavan N. S., Ashok Arora and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.