Shares of S&P Global Inc. (NYSE:SPGI) traded today at $456.63, eclipsing its 52-week high. This new high was reached on below average trading volume as 205,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.
S&P Global provides data and benchmarks to capital and commodity market participants. S&P Ratings, which constitutes over 40% of the firm’s revenue and over 50% of the firm’s operating income, is the largest credit rating agency in the world. The firm’s other segments include Market Intelligence, Indices, and Platts. Market Intelligence provides desktop tools and other data solutions to investment banks, corporations, and other entities. Indices provides benchmarks for financial markets and is monetized through subscriptions, asset-based fees, and transaction-based royalties. Platts provides benchmarks to commodity markets, principally petroleum.
In the past 52 weeks, S&P Global Inc. share prices are bracketed by a low of $303.50 and a high of $456.63 and is now at $455.71, 50% above that low price.
S&P Global Inc. (NYSE:SPGI) defies analysts with a current price ($455.71) 6.1% above its average consensus price target of $427.94.
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