Spirit Realty Capital (SRC) : Analyst Rating Update

Spirit Realty Capital (SRC) has an average broker rating of 2.09, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Spirit Realty Capital (SRC) stock is expected to deviate a maximum of $0.93 from the average target price of $12.27 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $14 and the most muted being $11.

Spirit Realty Capital (NYSE:SRC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.99 and $12.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.06, notching a gain of 0.46% for the day. The total traded volume was 6,471,343 . The stock had closed at $13.00 on the previous day.

Also, Brokerage firm UBS upgrades its rating on Spirit Realty Capital (NYSE:SRC). As per the latest information, the brokerage house raises the price target to $13 per share from a prior target of $11.5. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on April 27, 2016. The company shares have rallied 30.00% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $13.00 and the one year low was seen on Sep 10, 2015. The 50-Day Moving Average price is $11.87 and the 200 Day Moving Average price is recorded at $11.01.

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