Spire Inc. (SR) Receives Consensus Recommendation of “Hold” from Brokerages

Spire Inc. (NYSE:SR) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $74.33.

Several equities research analysts have recently commented on SR shares. Zacks Investment Research upgraded Spire from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $71.00 target price on shares of Spire in a research report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $73.00 target price on shares of Spire in a research report on Wednesday, August 9th. Morgan Stanley lifted their target price on Spire from $68.00 to $73.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. Finally, J P Morgan Chase & Co lifted their target price on Spire from $71.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, October 12th.

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Several large investors have recently made changes to their positions in SR. Bruderman Asset Management LLC purchased a new position in shares of Spire during the second quarter valued at approximately $124,000. LS Investment Advisors LLC boosted its position in shares of Spire by 13.0% during the second quarter. LS Investment Advisors LLC now owns 1,793 shares of the utilities provider’s stock valued at $125,000 after buying an additional 206 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Spire by 8.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,825 shares of the utilities provider’s stock valued at $127,000 after buying an additional 144 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Spire by 11.2% during the second quarter. Public Employees Retirement System of Ohio now owns 2,070 shares of the utilities provider’s stock valued at $144,000 after buying an additional 209 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in shares of Spire by 30.7% during the second quarter. Advisor Group Inc. now owns 2,147 shares of the utilities provider’s stock valued at $149,000 after buying an additional 504 shares during the last quarter. 79.55% of the stock is currently owned by institutional investors.

Shares of Spire (NYSE:SR) opened at $78.65 on Monday. The firm has a market cap of $3,795.81, a P/E ratio of 22.22, a P/E/G ratio of 3.99 and a beta of 0.30. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.69 and a quick ratio of 0.65.

About Spire

Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.

Analyst Recommendations for Spire (NYSE:SR)

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