A statement released earlier today by Berenberg Bank about Allegion PLC (NYSE:ALLE) bumps the target price to $80.00
- Updated: October 8, 2016
Boasting a price of $67.60, Allegion PLC (NYSE:ALLE) traded -1.57% lower on the day. With the last stock price close down -1.87% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Allegion PLC has recorded a 50-day average of $69.27 and a two hundred day average of $68.16. Volume of trade was up over the average, with 642,028 shares of ALLE changing hands over the typical 584,534
Berenberg Bank bumped up the target of Allegion PLC (NYSE:ALLE) to $80.00 stating a potential upside of 0.18%.
With a total market value of $0, Allegion PLC has price-earnings ratio of 32.83 with a one year low of $52.95 and a one year high of $73.49 .
A total of 9 equity analysts have released a ratings update on ALLE. Six equity analysts rating the company a strong buy, two equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $74.33.
Brief Synopsis About Allegion PLC (NYSE:ALLE)
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. It operates through three segments: Americas; Europe, the Middle East, India and Africa (EMEIA), and Asia Pacific. The Company's products include door closers and controls, electronic security products, exit devices, time, attendance and workforce productivity systems, door and door frames (steel), electronic and biometric access control systems, locks, locksets and key systems, and other accessories. The Company sells its products and solutions under the brands, including CISA, AXA, Briton, Falcon, LCN, Interflex, Von Duprin, Schlage, Milre, PegaSys, SimonsVoss, aptiQ, IVES and Brio. It sells a range of security products and solutions for end users in commercial, institutional and residential facilities around the world, including into the education, healthcare, government and hospitality markets.
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