In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Spire (SR – Research Report), with a price target of $77.00. The company’s shares opened today at $68.63.
According to TipRanks, Byrd is a 5-star analyst with an average return of 11.3% and a 60.58% success rate. Byrd covers the Utilities sector, focusing on stocks such as Ameren, American Electric Power, and Atmos Energy.
Currently, the analyst consensus on Spire is a Hold with an average price target of $75.67.
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SR market cap is currently $3.6B and has a P/E ratio of 17.53.
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Spire Inc. operates as a public utility holding company, which provides natural gas service through its utility operations while engaging in non-regulated activities. It operates through the following business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas Company and Alabama Gas Corporation. The Gas Marketing segment includes Laclede Energy Resources, Inc. a subsidiary engaged in the marketing of natural gas and related activities on a non-regulated basis. The company also engages in other businesses, including the transportation of liquid propane, real estate development, the compression of natural gas, financial investments in other enterprises, propane sales transactions, propane storage, and related services, and merchandise sales business. Spire was founded on October 1, 2001 and is headquartered in St. Louis, MO.
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