INFO - Shares of IHS Markit Ltd. (INFO) Rise to a New 52-Week High

Shares of IHS Markit Ltd. (NYSE:INFO) traded at a new 52-week high today of $112.92. So far today approximately 658,000 shares have been exchanged, as compared to an average 30-day volume of 2.4 million shares.

In the past 52 weeks, IHS Markit Ltd. share prices are bracketed by a low of $70.77 and a high of $112.92 and is now at $112.64, 59% above that low price.

Based on a current price of $112.64, IHS Markit Ltd. is currently 16.2% above its average consensus analyst price target of $94.39.

IHS Markit is a leading provider of data and analytics to corporate and sovereign clients across a wide variety of industries. Financial markets accounted for 42% of fiscal 2020 revenue, transportation 27%, resources (energy and chemicals) 20%, and CMS (consolidated markets) 11%. Approximately 60% of fiscal 2020 revenue came from the United States. IHS Markit has approximately 16,000 employees worldwide. About 74% of fiscal 2020 revenue was recurring and fixed, 14% recurring and variable, and 12% non-recurring. S&P Global has offered to acquire IHS Markit, with holders of the target firm set to receive 0.2838 shares of the combined entity (a little less than one third of the total), in a deal valued at $44 billion upon announcement.

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