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Canaccord Genuity covered Acuity Brands, Inc. (NYSE:AYI), hiking its price target to $305.00 earlier today

Canaccord Genuity increased the target price of Acuity Brands, Inc. (NYSE:AYI) to $305.00 indicating a possible upside of 0.17%.

Boasting a price of $260.95, Acuity Brands, Inc. (NYSE:AYI) traded -0.46% lower on the day. With the last stock price up 2.69% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. AYI has recorded a 50-day average of $269.73 and a two hundred day average of $252.95. Volume of trade was up over the average, with 331,240 shares of AYI changing hands over the typical 286,384

Recent Performance Chart

Acuity Brands, Inc. (NYSE:AYI)

Acuity Brands, Inc. has a 52 week low of $168.33 and a 52 week high of $280.89 with a P/E ratio of 42.44 The company’s market cap is currently $0.

A total of 10 equity analysts have released a research note on AYI. Seven equity analysts rating the company a strong buy, two equity analysts rating the company a buy, four 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 $247.20.

Brief Synopsis About Acuity Brands, Inc. (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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