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CLSA upgraded Allegion (NYSE:ALLE) from Outperform to Buy in a report released earlier today.

Just yesterday Allegion (NYSE:ALLE) traded 1.73% higher at $67.69. ALLE’s 50-day average is $68.57 and its two hundred day moving average is $68.25. The last stock close price is down 0.90% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Volume of trade was down over the average, with 244,082 shares of ALLE changing hands under the typical 597,266

CLSA has upgraded Allegion (NYSE:ALLE) from Outperform to Buy in a report released on Monday October 17, 2016.

Performance Chart

Allegion (NYSE:ALLE)

With a total market value of $0, Allegion has PE ratio of 33.80 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 (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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