Analyst Rating Update on Allegion plc (ALLE)

Allegion plc (NYSE:ALLE) : The consensus on Allegion plc (NYSE:ALLE) based on 7 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

Allegion plc (NYSE:ALLE) : Currently there are 6 street experts covering Allegion plc (NYSE:ALLE) stock. The most bullish and bearish price target for the stock is $75 and $70 respectively for the short term. The average price target of all the analysts comes to $72.5. The estimated standard deviation from the target is $1.87.

For the current week, the company shares have a recommendation consensus of Buy.

Allegion plc (NYSE:ALLE): stock turned positive on Tuesday. Though the stock opened at $64.43, the bulls momentum made the stock top out at $66.51 level for the day. The stock recorded a low of $64.2 and closed the trading day at $66.41, in the green by 3.73%. The total traded volume for the day was 857,614. The stock had closed at $64.02 in the previous days trading.

In an insider trading activity,The officer (Sr. V. President – HR & Comm.) of Allegion Plc, Lewis Raymond H Jr sold 1,278 shares at $66.78 on May 10, 2016. The Insider selling transaction had a total value worth of $85,345. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Allegion plc 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 products include door closers and controls, electronic security products, exit devices, time, attendance and workforce productivity systems, door and door frames (steel), electronic and biometric access control systems, locks, locksets and key systems, video analytics systems and other accessories. The Companys products also include an array of sealing systems, such as sound control, fire and smoke protection, threshold applications, lites, door louvers, intumescent products, photo-luminescent and flood barrier for doors.It operates in three geographic segments: Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. The Companys brands include CISA, FALCON, Briton, Schlage, Bricard, LCN, Von Duprin, STEELCRAFT, NORMBAU and INAFER, among others.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.