In a report released today, Sam Reid from Wells Fargo maintained a Hold rating on Spectrum Brands Holdings (SPB), with a price target of $51. The company’s shares opened today at $55.96.
Reid said:
“We See Less Downside Risk But Remain Firmly On The Sidelines.”
According to TipRanks.com, Reid is ranked #4796 out of 5188 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spectrum Brands Holdings with a $59.67 average price target, which is a 6.6% upside from current levels. In a report issued on February 7, Oppenheimer also maintained a Hold rating on the stock.
See today’s analyst top recommended stocks >>
Spectrum Brands Holdings’ market cap is currently $2.98B and has a P/E ratio of 9.37. The company has a Price to Book ratio of 2.15.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock.
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. 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.
