What Made Berenberg Bank Upgrade Leslie’s’ Stock?

Berenberg Bank analyst Rudy Yang upgraded Leslie’s (LESLResearch Report) to Buy today and set a price target of $30.00. The company’s shares closed last Monday at $22.32.

According to TipRanks.com, Yang is a 1-star analyst with an average return of -1.3% and a 50.0% success rate. Yang covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, Kimball International, and Fox Factory Holding.

Currently, the analyst consensus on Leslie’s is a Strong Buy with an average price target of $32.00, a 33.4% upside from current levels. In a report issued on September 9, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a $28.00 price target.

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The company has a one-year high of $32.84 and a one-year low of $19.15. Currently, Leslie’s has an average volume of 1.75M.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LESL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Leslies Inc is a direct-to-consumer pool and spa care brand offering a comprehensive assortment of more than 30,000 products across chemicals, equipment and parts, cleaning and maintenance equipment, and safety, recreational, and fitness related products. The company offers its products and services for Residential Pool, Residential Spa, Professional Pool, and Commercial Pool consumers.