Zacks Rating on Allegion plc (ALLE)

Allegion plc (ALLE) : Zacks Investment Research ranks Allegion plc (ALLE) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.43, which indicates as a Strong Buy.

Allegion plc (ALLE) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $81 and the lowest price target forecast is $70. The average forecast of all the analysts is $78.17 and the expected standard deviation is $4.07.


Allegion Plc has dropped 0.07% in the last five trading days, however, the shares have posted positive gains of 0.43% in the last 4 weeks. Allegion Plc is up 6.15% in the last 3-month period. Year-to-Date the stock performance stands at 9.9%. Allegion plc (NYSE:ALLE): stock turned positive on Tuesday. Though the stock opened at $72.08, the bulls momentum made the stock top out at $72.61 level for the day. The stock recorded a low of $72.08 and closed the trading day at $72.18, in the green by 0.38%. The total traded volume for the day was 390,211. The stock had closed at $71.91 in the previous days trading.

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.

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