Credit Suisse Remains a Sell on Spire (SR)

By Carrie Williams

Credit Suisse analyst Michael Weinstein W. maintained a Sell rating on Spire (SRResearch Report) today and set a price target of $71.00. The company’s shares closed last Monday at $72.00.

According to TipRanks.com, W. is a 4-star analyst with an average return of 6.5% and a 58.8% success rate. W. covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Pinnacle West Capital, and Consolidated Edison.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Spire with a $77.60 average price target.

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The company has a one-year high of $88.00 and a one-year low of $57.37. Currently, Spire has an average volume of 329.8K.

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.