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

In a report issued on July 7, Nik Modi from RBC Capital maintained a Buy rating on Spectrum Brands Holdings (SPBResearch Report), with a price target of $120.00. The company’s shares closed last Friday at $79.98, close to its 52-week low of $75.66.

According to TipRanks.com, Modi is a 5-star analyst with an average return of 9.4% and a 63.4% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Reynolds Consumer Products, and Mondelez International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spectrum Brands Holdings with a $117.00 average price target.

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The company has a one-year high of $107.22 and a one-year low of $75.66. Currently, Spectrum Brands Holdings has an average volume of 288.6K.

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Spectrum Brands Holdings, Inc. engages in the manufacture and supply of residential locksets, residential builders hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn, garden and home pest control products, and personal insect repellents. It operates through the following segments: Hardware and Home Improvement (HHI); Home and Personal Care (HPC); Global Pet Care (GPC); Home and Garden (H&G). The HHI segment consists of hardware, security and plumbing business. The GPC segment focuses on the pet care business. The H&G segment involves the home and garden and insect control business. The HPC segment includes the small kitchen and personal care appliances business. The company was founded in 1906 and is headquartered in Middleton, WI.

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