In a report released yesterday, Sam Reid from Wells Fargo maintained a Hold rating on Spectrum Brands Holdings (SPB), with a price target of $46. The company’s shares closed yesterday at $47.33, close to its 52-week low of $40.54.
Reid said:
“We remain cautious given our ongoing concerns about SPB’s execution & biz cyclicality. Maintain Market Perform.”
According to TipRanks.com, Reid is ranked #4704 out of 5153 analysts.
Spectrum Brands Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $64.20, which is a 35.6% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Hold rating on the stock.
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Spectrum Brands Holdings’ market cap is currently $3.07B and has a P/E ratio of 2.00. The company has a Price to Book ratio of 1.60.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock.
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Spectrum Brands Holdings, Inc. manufactures and supplies consumer batteries, residential locksets, residential builders hardware, plumbing, shaving & grooming products, personal care products, small household appliances, specialty pet supplies, lawn, garden and home pest control products, personal insect repellents, and auto care products.
