A statement released today by Canaccord about Acuity Brands (NYSE:AYI) lowers the target price to $286.00
- Updated: October 6, 2016
Only yesterday Acuity Brands (NYSE:AYI) traded -1.03% lower at $242.99. Acuity Brands’s 50-day moving average is $266.56 and its 200-day moving average is $255.57. With the last stock price down -5.90% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 273,175 shares of AYI changing hands under the typical 295,086
Canaccord reduced the price target of Acuity Brands (NYSE:AYI) to $286.00 indicating a possible upside of 0.18%.
Previously on 9/30/2016, Williams Capital reported about Acuity Brands (NYSE:AYI) upped the target price from $0.00 to $306.00. At the time, this indicated a possible upside of 0.18%.
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With a market cap of $0, Acuity Brands has 52 week low of $169.42 and a 52 week high of $280.89 with a P/E ratio of 39.29 .
A total of 10 brokers have issued a report on the stock. 7 firms rating the stock a strong buy, 2 firms rating the stock a buy, four equity analysts rating the company a hold, 0 brokerages rating the company a underperform, and finally zero brokers rating the stock a sell with a average stock price target of $247.20.
Brief Synopsis About Acuity Brands (NYSE:AYI)
Acuity Brands, Inc. (Acuity Brands), is the parent company of Acuity Brands Lighting, Inc. (ABL), and other subsidiaries. Acuity Brands is a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications throughout North America and select international markets. The Company's lighting solutions include devices, such as luminaires, lighting controls, power supplies, prismatic skylights, light-emitting diode (LED) lamps, and integrated lighting systems for indoor and outdoor applications utilizing a combination of light sources, including daylight, and other devices controlled by software that monitors and manages light levels while optimizing energy consumption (collectively referred to herein as lighting solutions). On March 13, 2013, the Company acquired eldoLED Europe BV.
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