Markit Ltd Stock Formed Double Top Chart Pattern. What To Expect?

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The chart of Markit Ltd (MRKT) shows a double top with $48.84 target or 69.00% above today’s $28.90 share price. The 5 months chart pattern indicates low risk for the $5.18 billion company. It was reported on Dec, 12 by If the $48.84 price target is reached, the company will be worth $3.57 billion more. Double tops are rare but powerful chart patterns. The stock increased 0.03% or $0.01 on December 11, hitting $28.9. About 430,800 shares traded hands. Markit Ltd (NASDAQ:MRKT) has risen 12.33% since May 8, 2015 and is uptrending. It has outperformed by 15.34% the S&P500.

Out of 12 analysts covering Markit Ltd (NASDAQ:MRKT), 3 rate it “Buy”, 0 “Sell”, while 8 “Hold”. This means 27% are positive. $34 is the highest target while $27 is the lowest. The $30.47 average target is 6.37% above today’s ($28.9) stock price. Markit Ltd was the topic in 8 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Cantor Fitzgerald initiated the stock on December 4 with “Hold” rating.

According to Zacks Investment Research, “Markit Ltd. focuses on providing financial information services. It provides pricing and reference data, indices, valuation and trading services, trade processing, enterprise software and managed services. Markit operates in three segments: Information, Processing and Solutions. The Company’s customers include banks, hedge funds, asset managers, central banks, regulators, auditors, fund administrators and insurance companies. Markit Ltd. is headquartered in London, the United Kingdom.” Get a free copy of the Zacks research report on Markit Ltd (MRKT).

More recent Markit Ltd (NASDAQ:MRKT) news were published by: which released: “Markit Ltd. (MRKT) Announces $200M Accelerated Buyback Plan” on December 08, 2015. Also published the news titled: “Markit Ltd. (MRKT) to Acquire FX Trade Processor DealHub” on August 24, 2015.‘s news article titled: “Markit Ltd. (MRKT) Announces Completion of DealHub Acquisition” with publication date: September 04, 2015 was also an interesting one.

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