Infosys Limited (INFY) Receives a Hold from Citi
In a report released yesterday, Surendra Goyal from Citi maintained a Hold rating on Infosys Limited (INFY – Research Report), with a price target of INR1,650.00. The company's shares closed yesterday at INR1,608.00.
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Goyal covers the Technology sector, focusing on stocks such as LTIMindtree Limited, Tech Mahindra Limited, and HCL Technologies Limited. According to TipRanks, Goyal has an average return of 0.7% and a 60.00% success rate on recommended stocks.
Infosys Limited has an analyst consensus of Moderate Buy, with a price target consensus of INR1,845.06, a 14.74% upside from current levels. In a report released on June 18, Morgan Stanley also maintained a Hold rating on the stock with a INR1,670.00 price target.
The company has a one-year high of INR2,006.80 and a one-year low of INR1,307.10. Currently, Infosys Limited has an average volume of 368.5K.
Based on the recent corporate insider activity of 94 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 INFY in relation to earlier this year.
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