Zacks Investment Research cut shares of Assa Abloy AB (OTCMKTS:ASAZY) from a buy rating to a hold rating in a research note released on Monday morning.

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 lifted their price target on shares of Assa Abloy AB from $10.00 to $11.50 and gave the stock an in-line rating in a research note on Friday, May 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $11.75.

Assa Abloy AB (OTCMKTS:ASAZY) opened at 10.74 on Monday. Assa Abloy AB has a 12-month low of $8.80 and a 12-month high of $11.35. The stock has a 50 day moving average of $10.62 and a 200 day moving average of $10.53. The company has a market cap of $23.86 billion, a PE ratio of 27.43 and a beta of 1.04.

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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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