Barclays Believes Allegion (NYSE: ALLE) Won’t Stop Here

By Jason Carr

Barclays analyst Julian Mitchell maintained a Buy rating on Allegion (ALLEResearch Report) on July 9 and set a price target of $114. The company’s shares closed yesterday at $109.27, close to its 52-week high of $111.99.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 12.3% and a 75.3% 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.

Allegion has an analyst consensus of Moderate Buy, with a price target consensus of $108.80.

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The company has a one-year high of $111.99 and a one-year low of $74.83. Currently, Allegion has an average volume of 774.2K.

Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. Last month, Jeffrey Braun, the SVP, GC, Secretary & CCO of ALLE sold 6,218 shares for a total of $649,346.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.