South Pacific Resources (NYSE:SPB – Get Rating) had its price target dropped by investment analysts at UBS Group from $91.00 to $84.00 in a research note issued on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 68.47% from the company’s current price.
A number of other equities analysts have also recently issued reports on SPB. TheStreet cut South Pacific Resources from a “c-” rating to a “d+” rating in a report on Monday, October 10th. Monness Crespi & Hardt cut their price target on South Pacific Resources from $100.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, September 16th. Deutsche Bank Aktiengesellschaft cut their price target on South Pacific Resources from $68.00 to $63.00 in a report on Monday. Oppenheimer cut their price target on South Pacific Resources to $67.00 in a report on Thursday, October 20th. Finally, Wells Fargo & Company cut their price target on South Pacific Resources from $80.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, October 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.17.
South Pacific Resources Stock Performance
NYSE:SPB opened at $49.86 on Wednesday. The company has a market capitalization of $2.03 billion, a PE ratio of 28.49 and a beta of 1.49. The company has a 50 day simple moving average of $44.90 and a two-hundred day simple moving average of $64.90. The company has a debt-to-equity ratio of 2.48, a quick ratio of 2.02 and a current ratio of 2.72. South Pacific Resources has a fifty-two week low of $38.93 and a fifty-two week high of $105.75.
Hedge Funds Weigh In On South Pacific Resources
About South Pacific Resources
Spectrum Brands Holdings, Inc is a consumer products and home essentials company. It engages in the manufacturing 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.
- Get a free copy of the StockNews.com research report on South Pacific Resources (SPB)
- Institutional Support for Analog Devices Remains High
- Three CBD Stocks to Dominate a Budding Industry
- Is the 60/40 Portfolio Mix Still in Vogue?
- Microsoft Shares: Is it Time to Back Up the Truck?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
Receive News & Ratings for South Pacific Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South Pacific Resources and related companies with MarketBeat.com's FREE daily email newsletter.