Jefferies analyst Rizk Maidi has upgraded Assa Abloy (ASAZY, Financial) from Hold to Buy, raising the price target from SEK 330 to SEK 375. The decision stems from the belief that approximately 30% of Assa's business is currently at a cyclical low, but indications of a gradual recovery are surfacing. The analyst also notes that the stock is valued on the lower end of its historical range, suggesting potential for re-rating.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Assa Abloy AB (ASAZY, Financial) is $19.17 with a high estimate of $19.17 and a low estimate of $19.17. The average target implies an upside of 21.79% from the current price of $15.74. More detailed estimate data can be found on the Assa Abloy AB (ASAZY) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Assa Abloy AB's (ASAZY, Financial) average brokerage recommendation is currently 1.0, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Assa Abloy AB (ASAZY, Financial) in one year is $17.20, suggesting a upside of 9.28% from the current price of $15.74. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Assa Abloy AB (ASAZY) Summary page.
