J.P. Morgan Sticks to Its Hold Rating for Spire (SR)

J.P. Morgan analyst Richard Sunderland maintained a Hold rating on Spire (SRResearch Report) on March 4 and set a price target of $73.00. The company’s shares closed last Monday at $71.55.

According to, Sunderland is a 2-star analyst with an average return of 1.7% and a 50.0% success rate. Sunderland covers the Utilities sector, focusing on stocks such as South Jersey Industries, New Jersey Resources, and American Water.

Spire has an analyst consensus of Hold, with a price target consensus of $69.67, which is a -1.6% downside from current levels. In a report issued on February 18, Morgan Stanley also maintained a Hold rating on the stock with a $65.00 price target.

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The company has a one-year high of $77.95 and a one-year low of $59.60. Currently, Spire has an average volume of 316.5K.

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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.

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