Recent extremely meaningful positive changes in investment behavior have benefitted Spire Inc (NYSE: SR): its shorter term price trend turned up, its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SR is expected to continue to be a Value Builder.
Spire has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Spire has a good Appreciation Score of 76 but a slightly negative Power Rating of 39, with the High Neutral Value Trend Rating the result.
Recent Price Action
Spire Inc (NYSE: SR) stock increased 1.0% on 6/28/24. The shares closed at $60.73. Moreover, trading volume in this advance was exceptionally high at 302% of normal. The stock has risen 3.7% during the last week and has performed in line with the market over the last nine months.
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