Scotiabank Initiates Coverage of Spire with Sector Perform
Fintel reports that on September 29, 2026, Scotiabank initiated coverage of Spire (NYSE:SR) (DB:LGR) with a Sector Perform recommendation.
Spire Inc. is a utilities sector company operating in the United States, primarily focused on the purchase, retail distribution, and sale of natural gas across states such as Missouri and Alabama. On September 28, 2026, the day prior to the rating action, the stock closed at $76.84. This closing price follows a one-week price change of -3.66% from a baseline close of $79.76 on September 21, 2026. Over a longer one-month period, the stock registered a price change of -6.93% from its baseline close of $82.56 on August 28, 2026.
The company's most recent financial results were published on August 5, 2026. For the quarter, Spire reported an actual earnings per share (EPS) of -0.26, compared to the analyst estimate of -0.2722. The actual revenue for the period was $420,200,000.00, which compared to the estimated revenue of $419,840,875.00. Following these results, Spire filed a Form 8-K current report with the Securities and Exchange Commission on September 1, 2026, noting the earliest reported event date of August 31, 2026.
The broader analyst landscape shows a distinct consensus. As of September 15, 2026, the current consensus target mean for Spire was $95.50, with a median target of $94.86. This mean target represents an implied change of +24.28% from market levels and is unchanged from the prior consensus target mean of $95.50 recorded on August 29, 2026. In terms of overall recommendations, the current period as of September 1, 2026, features 18 total recommendations, consisting of 6 strong buy, 7 buy, and 5 hold ratings. This represents 72.2% positive and 27.8% hold recommendations. In the prior period as of August 1, 2026, there were 19 total recommendations, which included 6 strong buy, 8 buy, and 5 hold ratings, representing 73.7% positive and 26.3% hold recommendations. Other recent analyst actions include Morgan Stanley, which maintained its Overweight rating on Spire on September 18, 2026.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 29, 2026 | Scotiabank | Sector Perform | initiated coverage | |
| September 18, 2026 | Morgan Stanley | Overweight | Overweight | maintained |
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This story originally appeared on Fintel.