Spectrum Brands Holdings (SPB – Research Report) received a Buy rating and a $96.00 price target from RBC Capital analyst Nik Modi today. The company’s shares closed yesterday at $81.89.
Modi covers the Consumer Defensive sector, focusing on stocks such as General Mills, Campbell Soup, and Conagra Brands. According to TipRanks, Modi has an average return of 8.4% and a 62.12% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spectrum Brands Holdings with a $93.50 average price target, implying a 14.18% upside from current levels. In a report released on August 15, UBS also maintained a Buy rating on the stock with a $94.00 price target.
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The company has a one-year high of $82.44 and a one-year low of $38.13. Currently, Spectrum Brands Holdings has an average volume of 676K.
Based on the recent corporate insider activity of 18 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 SPB in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Spectrum Brands Holdings, Inc. engages in the manufacture and supply of residential locksets, residential builders hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn, garden and home pest control products, and personal insect repellents. It operates through the following segments: Hardware and Home Improvement (HHI); Home and Personal Care (HPC); Global Pet Care (GPC); Home and Garden (H&G). The HHI segment consists of hardware, security and plumbing business. The GPC segment focuses on the pet care business. The H&G segment involves the home and garden and insect control business. The HPC segment includes the small kitchen and personal care appliances business. The company was founded in 1906 and is headquartered in Middleton, WI.
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