RBC Capital Thinks Spectrum Brands Holdings’ Stock is Going to Recover

By Jason Carr

In a report released today, Nik Modi from RBC Capital reiterated a Buy rating on Spectrum Brands Holdings (NYSE: SPB), with a price target of $155. The company’s shares closed yesterday at $103.60, close to its 52-week low of $98.11.

According to TipRanks.com, Modi is a 4-star analyst with an average return of 6.3% and a 64.7% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Energizer Holdings Inc.

Spectrum Brands Holdings has an analyst consensus of Strong Buy, with a price target consensus of $141.83.

The company has a one-year high of $146.09 and a one-year low of $98.11. Currently, Spectrum Brands Holdings has an average volume of 415.1K.

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Spectrum Brand Holdings, Inc. engages in the manufacture, market, and distribution of consumer products. The company operates through the following segments: Global Batteries and Appliances (GBA); Global Pet Supplies (PET); Home and Garden (H&G); and Hardware and Home Improvement (HHI); and Global Auto Care (GAC).