Fortune Brands Home & Security (NYSE:FBHS) : The consensus price target for Fortune Brands Home & Security (NYSE:FBHS) is $60.67 for the short term with a standard deviation of $3.78. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $65, however, the pessimist price target for the company is $55.
Other Equity analysts have also commented on the company shares. Topeka Capital initiates coverage on Fortune Brands Home & Security (NYSE:FBHS) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $64 per share. The rating by the firm was issued on May 24, 2016.
Fortune Brands Home & Security (NYSE:FBHS): On Thursdays trading session , Opening price of the stock was $57.7 with an intraday high of $57.73. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $56.84. However, the stock managed to close at $56.84, a loss of 0.56% for the day. On the previous day, the stock had closed at $57.16. The total traded volume of the day was 31,805,569 shares.
The company shares have rallied 24.40% from its 1 Year high price. On Apr 21, 2016, the shares registered one year high at $59.98 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $57.19 and the 200 Day Moving Average price is recorded at $53.89. On the companys insider trading activities, The officer (SVP and CFO), of Fortune Brands Home & Security, Inc., Wyatt E Lee had unloaded 24,303 shares at $58.38 per share in a transaction on May 24, 2016. The total value of transaction was $1,418,809. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Fortune Brands Home & Security, Inc. is a holding company. The Company, through its subsidiaries, engaged in manufacture and sale of home and security products. The Company operates through four business segments: Cabinets, Plumbing, Doors and Security. The Cabinets segment provides cabinetry, as well as vanities, for the kitchen, bath and other parts of the home through a regional supply chain footprint in North America. The Plumbing segment manufactures or assembles and sells faucets, accessories and kitchen sinks in North America and China, predominantly under the Moen brand. The Doors segment offers fiberglass and steel entry door systems under the Therma-Tru brand and urethane millwork product lines under the Fypon brand. The Security segments products consist of locks, safety and security devices manufactured, sourced and distributed under the Master Lock brand, and fire resistant safes and commercial cabinets manufactured, sourced and distributed under the SentrySafe brand.