RBC Capital analyst Nik Modi maintained a Buy rating on Spectrum Brands Holdings (SPB) today and set a price target of $40.00. The company’s shares closed last Monday at $24.62, close to its 52-week low of $19.59.
According to TipRanks.com, Modi is a 3-star analyst with an average return of 0.7% and a 56.3% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Mondelez International, and Edgewell Personal Care.
Spectrum Brands Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $60.00.
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The company has a one-year high of $66.50 and a one-year low of $19.59. Currently, Spectrum Brands Holdings has an average volume of 543.7K.
Based on the recent corporate insider activity of 31 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.
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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.
