Rating Coverage: Exane BNP Paribas Gives Assa Abloy (NYSE:ASAZY) Higher Rating. What Is Next?

November 30, 2016 - By Richard Conner

Rating Coverage:  Exane BNP Paribas Gives Assa Abloy (NYSE:ASAZY) Higher Rating. What Is Next?

Assa Abloy (NYSE:ASAZY) Upgrade

Exane BNP Paribas upgraded shares of Assa Abloy (NYSE:ASAZY) from a “Neutral” rating to “Outperform” rating in a a note issued to clients and investors on 29 November.

ASSA ABLOY UNSP ADR EA REP 0.5 ORD SHS (OTCMKTS:ASAZY) Ratings Coverage

Out of 4 analysts covering Assa Abloy (NYSE:ASAZY), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $11.50 is the highest target while $10.50 is the lowest. The $11.50 average target is 24.86% above today’s ($9.21) stock price. Assa Abloy has been the topic of 5 analyst reports since October 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Thursday, February 18 by Berenberg. The firm has “Outperform” rating by BNP Paribas given on Tuesday, November 29. The stock of ASSA ABLOY UNSP ADR EA REP 0.5 ORD SHS (OTCMKTS:ASAZY) earned “Buy” rating by Swedbank on Wednesday, October 21. Imperial Capital maintained the stock with “In-Line” rating in Wednesday, July 20 report. The stock has “In-Line” rating given by Imperial Capital on Wednesday, May 25.

The stock increased 1.43% or $0.13 on November 29, hitting $9.21. About 131,544 shares traded hands or 24.92% up from the average. ASSA ABLOY UNSP ADR EA REP 0.5 ORD SHS (NYSE:ASAZY) has declined 12.62% since April 27, 2016 and is downtrending. It has underperformed by 17.85% the S&P500.

Analysts await ASSA ABLOY UNSP ADR EA REP 0.5 ORD SHS (OTCMKTS:ASAZY) to report earnings on February, 13.

According to Zacks Investment Research, “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.”

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