Allegion (NYSE:ALLE) was upgraded by equities research analysts at Barclays from an “underweight” rating to an “overweight” rating in a report issued on Tuesday, PriceTargets.com reports. The brokerage currently has a $150.00 target price on the scientific and technical instruments company’s stock, up from their prior target price of $107.00. Barclays‘s price objective points to a potential upside of 14.19% from the company’s previous close.
ALLE has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Allegion from a “buy” rating to a “hold” rating and set a $114.00 price target on the stock. in a research note on Friday, February 19th. Morgan Stanley upped their price target on shares of Allegion from $109.00 to $119.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 20th. Finally, Longbow Research upgraded shares of Allegion from a “neutral” rating to a “buy” rating in a research note on Monday, March 22nd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $114.44.
NYSE ALLE opened at $131.36 on Tuesday. The company has a quick ratio of 1.70, a current ratio of 2.29 and a debt-to-equity ratio of 1.73. The firm has a market cap of $11.92 billion, a PE ratio of 40.54 and a beta of 1.12. The company has a 50 day moving average price of $117.50 and a 200 day moving average price of $111.78. Allegion has a 52 week low of $89.83 and a 52 week high of $134.44.
Several large investors have recently added to or reduced their stakes in the company. Baron Silver Stevens Financial Advisors LLC acquired a new stake in shares of Allegion in the fourth quarter worth $97,000. Childress Capital Advisors LLC purchased a new stake in Allegion during the fourth quarter worth $31,000. Amundi Pioneer Asset Management Inc. boosted its holdings in Allegion by 0.4% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 178,366 shares of the scientific and technical instruments company’s stock worth $20,757,000 after buying an additional 626 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Allegion by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 626,114 shares of the scientific and technical instruments company’s stock worth $72,862,000 after buying an additional 16,787 shares in the last quarter. Finally, Norges Bank purchased a new stake in Allegion during the fourth quarter worth $91,348,000. Hedge funds and other institutional investors own 93.20% of the company’s stock.
Allegion Plc provides security products and solutions that keep people safe, secure and productiv. It operates through the following three geographic segments: Americas; Middle East, India, and Africa (EMEIA); and Asia Pacific. The Americas segment sells a range of products and solutions such locks, locksets, portable locks, key systems, door closers, exit devices, doors and door systems, electronic products, and access control and time and attendance systems.
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