In a report released yesterday, Julian Mitchell from Barclays maintained a Buy rating on Allegion (ALLE), with a price target of $120.00. The company’s shares closed last Monday at $113.66, close to its 52-week high of $114.11.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 10.9% and a 71.2% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Gates Industrial Corp Plc, and Emerson Electric Company.
Currently, the analyst consensus on Allegion is a Moderate Buy with an average price target of $112.50.
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Allegion’s market cap is currently $10.61B and has a P/E ratio of 24.53. The company has a Price to Book ratio of 16.08.
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Allegion Plc provides security products and solutions that keep people safe, secure and productiv. It operates through the following three geographic segments: Americas; Middle East, India, and Africa (EMEIA); and Asia Pacific.
