Allegion plc (ALLE) Receives Price Target

Allegion plc (ALLE) : Currently there are 6 street experts covering Allegion plc (ALLE) stock. The most bullish and bearish price target for the stock is $81 and $70 respectively for the short term. The average price target of all the analysts comes to $78.17. The estimated standard deviation from the target is $4.07.

Allegion plc (ALLE) : 7 analysts are covering Allegion plc (ALLE) and their average rating on the stock is 1.43, which is read as a Strong Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Allegion plc (ALLE) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Brokerage firm Imperial Capital downgrades its rating on Allegion plc (NYSE:ALLE). As per the latest information, the brokerage house raises the price target to $79 per share from a prior target of $71. The shares have been rated In-line. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 2, 2016.

Allegion plc (NYSE:ALLE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.32 and $70.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.84, notching a gain of 0.87% for the day. The total traded volume was 534,715 . The stock had closed at $71.22 on the previous day.

Allegion plc is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its 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, video analytics systems and other accessories. The Companys products also include an array of sealing systems, such as sound control, fire and smoke protection, threshold applications, lites, door louvers, intumescent products, photo-luminescent and flood barrier for doors.It operates in three geographic segments: Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. The Companys brands include CISA, FALCON, Briton, Schlage, Bricard, LCN, Von Duprin, STEELCRAFT, NORMBAU and INAFER, among others.

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