A statement released earlier today by Jefferies about Spectrum Brands (NYSE:SPB) bumps the target price to $160.00
- Updated: October 13, 2016
Only yesterday Spectrum Brands (NYSE:SPB) traded -0.25% lower at $133.49. Spectrum Brands’s 50-day moving average is $132.58 and its 200-day moving average is $121.49. The last closing price is up 9.60% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Volume of trade was down over the average, with 72,328 shares of SPB changing hands under the typical 316,542
Jefferies bumped up the target of Spectrum Brands (NYSE:SPB) to $160.00 reporting a possible upside of 0.20%.
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Spectrum Brands has a 52 week low of $87.65 and a 52 week high of $138.95 with a price-earnings ratio of 27.05 The company’s market cap is currently $0.
In addition to Jefferies reporting its target price, a total of 8 equity analysts have released a ratings update on SPB. The consensus target price is $126.63 with five analysts rating the company a strong buy, four equity analysts rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 equity analysts rating the company a sell.
Brief Synopsis About Spectrum Brands (NYSE:SPB)
Spectrum Brands Holdings, Inc. (SBH) is a diversified consumer products company. The Company operates through five segments: Global Batteries & Appliances, Global Pet Supplies, Home and Garden, Hardware & Home Improvement, and Global Auto Care. The Company's Global Batteries & Appliances segment includes consumer batteries, small appliances and personal care products. The Global Pet Supplies segment markets and sells a range of pet supplies for fish, dogs, cats, birds and other small domestic animals. The Home and Garden segment sells and markets a range of insect and weed control products. The Hardware & Home Improvement segment markets and sells a range of residential locksets and door hardware. The Global Auto Care segment includes aftermarket appearance products, and performance chemicals and additives. The Company manufactures, markets and/or distributes its products in the North America, Europe, Middle East and Africa (MEA), Latin America and Asia-Pacific regions.
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