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RBC Capital Sticks to Their Buy Rating for S&P Global (SPGI)

Tipranks - Tipranks - Thu Feb 12, 6:26AM CST

In a report released yesterday, Ashish Sabadra from RBC Capital maintained a Buy rating on S&P Global, with a price target of $560.00.

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Sabadra covers the Financial sector, focusing on stocks such as MSCI, S&P Global, and TransUnion. According to TipRanks, Sabadra has an average return of 3.9% and a 55.71% success rate on recommended stocks.

In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a $550.00 price target.

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Based on S&P Global’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.89 billion and a net profit of $1.09 billion. In comparison, last year the company earned a revenue of $3.58 billion and had a net profit of $971 million

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SPGI in relation to earlier this year.

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