In a report released today, Owen Lau from Oppenheimer assigned a Buy rating to S&P Global (SPGI), with a price target of $356.00. The company’s shares closed last Monday at $351.32, close to its 52-week high of $359.50.
According to TipRanks.com, Lau is a 3-star analyst with an average return of 2.8% and a 57.1% success rate. Lau covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Victory Capital Holdings, and Focus Financial Partners.
S&P Global has an analyst consensus of Strong Buy, with a price target consensus of $370.50, implying a 5.8% upside from current levels. In a report issued on July 19, Credit Suisse also maintained a Buy rating on the stock with a $400.00 price target.
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The company has a one-year high of $359.50 and a one-year low of $186.06. Currently, S&P Global has an average volume of 1.17M.
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S&P Global, Inc. engages in the provision of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through the following segments: Ratings, Market Intelligence, Platts and Indices. The Ratings segment offers credit ratings, research, and analytics to investors, issuers, and other market participants. The Market Intelligence provides multi-asset-class data, research and analytical capabilities, which integrate cross-asset analytics and desktop services. The Platts segment provides information and benchmark prices for the commodity and energy markets. The Indices segment provides variety of valuation and index benchmarks for investment advisors, wealth managers and institutional investors. The company was founded by James H. McGraw and John A. Hill in 1917 and is headquartered in New York, NY.