Allegion (ALLE) Coverage Initiated at Barclays
Analysts at Barclays initiated coverage on shares of Allegion (NYSE:ALLE) in a research report issued on Thursday, The Fly reports. The brokerage set an “overweight” rating on the scientific and technical instruments company’s stock.
Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Allegion from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Wolfe Research raised shares of Allegion from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. BidaskClub lowered shares of Allegion from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of Allegion in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $89.75.
Shares of Allegion (ALLE) opened at $79.97 on Thursday. Allegion has a one year low of $70.84 and a one year high of $89.81. The company has a market cap of $7,570.15, a P/E ratio of 22.72, a P/E/G ratio of 1.34 and a beta of 1.10. The company has a current ratio of 2.14, a quick ratio of 1.54 and a debt-to-equity ratio of 3.79.
Allegion Public Limited Company 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 segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
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