In a report released today, Michael Weinstein W. from Credit Suisse maintained a Sell rating on Spire (SR), with a price target of $69.00. The company’s shares closed last Friday at $72.58.
According to TipRanks.com, W. is a 4-star analyst with an average return of 4.5% and a 57.1% success rate. W. covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Pinnacle West Capital, and Consolidated Edison.
Spire has an analyst consensus of Moderate Sell, with a price target consensus of $76.50.
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Spire’s market cap is currently $3.62B and has a P/E ratio of 20.20. The company has a Price to Book ratio of 3.02.
Based on the recent corporate insider activity of 29 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 SR 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.
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.
