Susquehanna Keeps Their Hold Rating on Allegion

By Carrie Williams

Susquehanna analyst Robert Barry reiterated a Hold rating on Allegion (NYSE: ALLE) today and set a price target of $87. The company’s shares closed yesterday at $84.38.

According to, Barry is a 4-star analyst with an average return of 12.3% and a 80.6% success rate. Barry covers the Industrial Goods sector, focusing on stocks such as Mueller Water Products, Lennox International, and The Middleby Corp.

Currently, the analyst consensus on Allegion is Moderate Buy and the average price target is $92.33, representing a 9.4% upside.

In a report issued on January 5, Robert W. Baird also reiterated a Hold rating on the stock with a $90 price target.

The company has a one-year high of $89.81 and a one-year low of $64.62. Currently, Allegion has an average volume of 759.3K.

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Allegion Plc engages in the manufacture and sale of mechanical and electronic security products and solutions. It operates through the following geographic segments: Americas; Middle East, India, and Africa (EMEIA); and Asia Pacific. The Americas segment offers a broad range of products and solutions such as locks; locksets; key systems; door closers; exit devices; door and door frames; and electronic product and access control systems and its brands include Schlage, Von Duprin, and LCN. The EMEIA segment offers the same portfolio of products as the Americas segment as well as time and attendance and workforce productivity solutions. The Asia Pacific segment also provides the same product portfolio in addition to video analytics solutions. Its strategic brands include Schlage, CISA, Von Duprin, and LCN. The company was founded on May 9, 2013 and is headquartered in Dublin, Ireland.