Nomura analyst Abhishek Bhandari maintained a Buy rating on Infosys Limited today and set a price target of INR1,730.00. The company’s shares closed yesterday at INR1,447.90.
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According to TipRanks, Bhandari is a 3-star analyst with an average return of 4.5% and a 52.50% success rate. Bhandari covers the Technology sector, focusing on stocks such as Coforge Limited, HCL Technologies Limited, and Infosys Limited.
In addition to Nomura, Infosys Limited also received a Buy from Bank of America Securities’s Kunal Tayal in a report issued yesterday. However, on September 30, Goldman Sachs maintained a Hold rating on Infosys Limited (NSE: INFY).
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 388.8K.
Based on the recent corporate insider activity of 202 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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