ASSA ABLOY AB (publ) (OTCMKTS:ASAZY – Get Rating)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $8.94 and last traded at $9.02, with a volume of 858425 shares changing hands. The stock had previously closed at $9.10.

Analysts Set New Price Targets

ASAZY has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on ASSA ABLOY AB (publ) from SEK 261 to SEK 267 in a report on Friday, July 22nd. Jefferies Financial Group lowered shares of ASSA ABLOY AB (publ) from a "buy" rating to a "hold" rating in a report on Friday, August 5th. Credit Suisse Group lifted their price objective on shares of ASSA ABLOY AB (publ) from SEK 275 to SEK 280 and gave the stock an "outperform" rating in a report on Wednesday, July 20th. Barclays reduced their target price on ASSA ABLOY AB (publ) from SEK 330 to SEK 280 and set an "overweight" rating on the stock in a research note on Thursday, July 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on ASSA ABLOY AB (publ) from SEK 260 to SEK 250 in a report on Tuesday, September 20th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $277.83.

ASSA ABLOY AB (publ) Stock Performance

The company has a market cap of $21.03 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. The business has a 50 day moving average price of $10.59 and a two-hundred day moving average price of $11.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 1.26.

About ASSA ABLOY AB (publ)

(Get Rating)

ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, Africa, North and South America, Asia, and Oceania. The company offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, access control devices, and fire doors, as well as hardware products.

Featured Stories

• Get a free copy of the StockNews.com research report on ASSA ABLOY AB (publ) (ASAZY)
• This Little Known Small Cap Is Up 139%: Is The Stock A Buy?
• A Trio of Q3 Winners With Room to Run
• Can HCA Healthcare Weather the Normalization?
• Can United Natural Foods Fight Both Inflation and the Fed?
• Mullen Automotive Is Ready To Get In Gear

Receive News & Ratings for ASSA ABLOY AB (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASSA ABLOY AB (publ) and related companies with MarketBeat.com's FREE daily email newsletter.