S&P Global Inc. (NYSE:SPGI) traded at a new 52-week high today of $420.62. So far today approximately 190,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 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.
S&P Global Inc. (NYSE:SPGI) defies analysts with a current price ($419.60) 5.6% above its average consensus price target of $396.06.
S&P Global Inc. share prices have moved between a 52-week high of $420.62 and a 52-week low of $303.50 and are now trading 38% above that low price at $419.60 per share.
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