Assa Abloy AB (OTCMKTS:ASAZY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $12.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 6.57% from the stock’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. “

Shares of Assa Abloy AB (ASAZY) traded up 2.31% during trading on Tuesday, hitting $11.26. The company’s stock had a trading volume of 97,198 shares. Assa Abloy AB has a 52 week low of $8.80 and a 52 week high of $11.35. The company has a market cap of $25.01 billion, a PE ratio of 28.76 and a beta of 1.05. The firm’s 50 day moving average price is $10.64 and its 200-day moving average price is $10.60.

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About Assa Abloy AB

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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