Deutsche Bank Aktiengesellschaft reduces price target of ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) to 250 SEK
ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get a rating) saw its price target reduced by equity research analysts at Deutsche Bank Aktiengesellschaft from SEK 260 to SEK 250 in a research report published on Tuesday, reports The Fly.
ASAZY has been the subject of several other reports. Jefferies Financial Group downgraded ASSA ABLOY AB (publ) from a “buy” rating to a “hold” rating in a Friday, August 5 report. Barclays lowered its price target on ASSA ABLOY AB (publ) from SEK 330 to SEK 280 and set an “overweight” rating for the company in a Thursday July 7 research report. Morgan Stanley raised its price target on shares of ASSA ABLOY AB (publ) from SEK 261 to SEK 267 in a Friday, July 22 report. Sanford C. Bernstein downgraded shares of ASSA ABLOY AB (publ) from an “outperform” rating to a “market performer” rating in a Monday, July 11 report. Finally, Citigroup downgraded shares of ASSA ABLOY AB (publ) from a “buy” rating to a “neutral” rating in a Friday, June 10 research note. Six investment analysts gave the stock a hold rating and six gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $277.83.
ASSA ABLOY AB (publ) trades up 0.6%
Shares of OTCMKTS:ASAZY rose $0.06 during Tuesday’s trading, hitting $9.91. The company had a trading volume of 340,215 shares, compared to an average volume of 307,098. The stock has a market cap of $22.05 billion, a price-earnings ratio of 18.02, a price-to- growth earnings of 1.80 and a beta of 0.95. The company has a debt ratio of 0.27, a current ratio of 1.26 and a quick ratio of 0.76. The company has a fifty-day simple moving average of $10.82 and a two-hundred-day simple moving average of $11.73. ASSA ABLOY AB has a one-year low of $9.68 and a one-year high of $15.51.
ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Rating) last published its quarterly results on Tuesday July 19th. The industrial products company reported EPS of $0.14 for the quarter. ASSA ABLOY AB (publ) achieved a net margin of 10.84% and a return on equity of 15.72%. The company had revenue of $3 billion in the quarter. As a group, stock analysts expect ASSA ABLOY AB to post earnings per share of 0.56 for the current year.
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ASSA ABLOY AB (publ) provides door opening products, solutions and services for the institutional, commercial and residential markets in Europe, the Middle East, Africa, North and South America, Asia and in Oceania. The company offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, access control devices and fire doors, as well as hardware products.
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