RBC Capital analyst Shelby Tucker maintained a Hold rating on Spire (SR – Research Report) on May 7 and set a price target of $65.00. The company’s shares closed yesterday at $61.88.
According to TipRanks, Tucker is a top 100 analyst with an average return of 10.5% and a 73.02% success rate. Tucker covers the Utilities sector, focusing on stocks such as PPL, Atlantica Yield, and American Water.
The word on The Street in general, suggests a Hold analyst consensus rating for Spire with a $63.70 average price target, implying a 2.94% upside from current levels. In a report released on May 1, Mizuho Securities also downgraded the stock to a Hold with a $62.00 price target.
The company has a one-year high of $66.17 and a one-year low of $52.48. Currently, Spire has an average volume of 390.1K.
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Spire (SR) Company Description:
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.
