S&P Global Inc. (NYSE:SPGI) traded at a new 52-week high today of $418.21. Approximately 211,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.
Over the past year, S&P Global Inc. has traded in a range of $303.50 to $418.21 and is now at $417.77, 38% above that low.
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.
S&P Global Inc. (NYSE:SPGI) is currently priced 6.6% above its average consensus analyst price target of $390.26.
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