Barclays PLC Boosts S&P Global Inc. (SPGI) Price Target to $185.00
S&P Global Inc. (NYSE:SPGI) had its price target boosted by equities research analysts at Barclays PLC from $180.00 to $185.00 in a research report issued on Friday. The firm presently has an “overweight” rating on the business services provider’s stock. Barclays PLC’s price objective would indicate a potential upside of 15.55% from the stock’s current price.
Several other research firms have also recently commented on SPGI. Cantor Fitzgerald restated a “buy” rating and issued a $177.00 price target on shares of S&P Global in a report on Thursday, October 26th. BMO Capital Markets cut S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 price target for the company. in a report on Friday, October 27th. Wells Fargo & Company lifted their price target on S&P Global from $159.00 to $165.00 and gave the company a “market perform” rating in a report on Friday, October 27th. UBS AG lifted their price target on S&P Global from $173.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, The Goldman Sachs Group, Inc. restated a “neutral” rating and issued a $176.00 price target on shares of S&P Global in a report on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $165.17.
S&P Global (NYSE SPGI) traded up $1.28 on Friday, reaching $160.10. The company’s stock had a trading volume of 1,092,100 shares, compared to its average volume of 1,118,742. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 4.00. The stock has a market cap of $40,830.00, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.91 and a beta of 1.51. S&P Global has a 52 week low of $107.21 and a 52 week high of $166.17.
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In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total value of $631,160.00. Following the completion of the transaction, the chief executive officer now owns 140,743 shares in the company, valued at approximately $22,207,837.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the completion of the transaction, the senior vice president now owns 106 shares of the company’s stock, valued at approximately $16,059. The disclosure for this sale can be found here. Insiders have sold a total of 7,860 shares of company stock valued at $1,234,994 in the last quarter. Company insiders own 0.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPGI. Penserra Capital Management LLC purchased a new position in S&P Global in the 2nd quarter worth approximately $106,000. Americafirst Capital Management LLC purchased a new position in S&P Global in the 3rd quarter worth approximately $150,000. GQG Partners LLC purchased a new position in S&P Global in the 2nd quarter worth approximately $160,000. Parallel Advisors LLC boosted its holdings in S&P Global by 8.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,057 shares of the business services provider’s stock worth $162,000 after acquiring an additional 86 shares during the period. Finally, San Francisco Sentry Investment Group CA boosted its holdings in S&P Global by 828.0% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,160 shares of the business services provider’s stock worth $181,000 after acquiring an additional 1,035 shares during the period. Hedge funds and other institutional investors own 86.33% of the company’s stock.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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