Media coverage about Spectrum Brands Holdings (NYSE:SPB) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Spectrum Brands Holdings earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.5458859967968 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities research analysts recently commented on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $150.00 target price (down previously from $165.00) on shares of Spectrum Brands Holdings in a research report on Thursday, July 6th. BidaskClub lowered Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Wells Fargo & Company reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, July 27th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $131.00 target price (down previously from $149.00) on shares of Spectrum Brands Holdings in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $140.13.
Shares of Spectrum Brands Holdings (NYSE:SPB) opened at 109.92 on Wednesday. The firm has a 50-day moving average price of $106.29 and a 200 day moving average price of $119.62. Spectrum Brands Holdings has a 52-week low of $101.93 and a 52-week high of $146.09. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 22.51 and a beta of 0.65.
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About Spectrum Brands Holdings
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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