Assa Abloy AB (OTCMKTS:ASAZY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $12.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 13.21% from the company’s current price.

According to Zacks, “Assa Abloy AB offers locks and security products. Its product offer include mechanical locks such as door locks and cylinder locks and security doors, electromechanical locks, electronic locks, door closers, door automatics, access control systems. Assa Abloy also provides secure identity solutions, contactless identification technology solutions, electronic lock systems and safes for hotels and cruise ships. The Company primarily sells in Europe and in North America. Assa Abloy AB is based in Stockholm, Sweden. “

Separately, Imperial Capital boosted their target price on Assa Abloy AB from $10.00 to $11.50 and gave the stock an “in-line” rating in a research report on Friday, May 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Assa Abloy AB has a consensus rating of “Buy” and an average price target of $11.75.

Assa Abloy AB (OTCMKTS:ASAZY) opened at 10.60 on Tuesday. Assa Abloy AB has a 12-month low of $8.80 and a 12-month high of $11.35.

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Assa Abloy AB Company Profile

ASSA ABLOY AB (publ) provides door opening solutions in Europe, North America, South America, the Asia Pacific, the Middle East, and Africa. It offers mechanical and electromechanical locks, digital door locks, cylinders, security doors, fire doors, door frames, industrial high-security fencing and gates, hardware, and fittings.

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