| Over a week ago | ||||
UBS analyst Guillermo… UBS analyst Guillermo Peigneux-Lojo raised the firm's price target on Assa Abloy to SEK 260 from SEK 250 and keeps a Buy rating on the shares. | ||||
Berenberg analyst Joel… Berenberg analyst Joel Spungin raised the firm's price target on Assa Abloy to SEK 235 from SEK 220 and keeps a Hold rating on the shares. | ||||
Morgan Stanley analyst… Morgan Stanley analyst Lucie Carrier raised the firm's price target on Assa Abloy to SEK 215 from SEK 202 and keeps an Equal Weight rating on the shares. | ||||
Deutsche Bank analyst… Deutsche Bank analyst Gael de-Bray raised the firm's price target on Assa Abloy to SEK 250 from SEK 245 and keeps a Buy rating on the shares. | ||||
Societe Generale analyst… Societe Generale analyst Alasdair Leslie upgraded Assa Abloy to Buy from Hold with a SEK 250 price target. The stock's underperformance over the last 12 months leaves it trading at a sector premium, and the analyst sees this as an opportunity to buy into one of the most distinct franchises in capital goods, with a mutliyear track record of double-digit compound earnings growth, Leslie tells investors in a research note. The analyst believes valuation, earnings risks and the equity narrative are now well-aligned. | ||||
Assa Abloy has acquired… Assa Abloy has acquired Technology Solutions, or TSL, in the UK, a global provider of radio frequency identification, or RFID, handheld readers. TSL designs, develops and manufactures ruggedized mobile RFID readers and other multi-technology, mobile device peripherals used to identify and track products and assets. TSL was founded in 1994 and has some 25 employees. The main office is located in Loughborough, UK. Sales in 2020 amounted to about GBP 3M and the acquisition will be accretive to EPS from start. | |
Societe Generale analyst… Societe Generale analyst Alasdair Leslie upgraded Assa Abloy to Buy from Hold with a SEK 250 price target. | |
Nordea analyst Andreas… Nordea analyst Andreas Koski upgraded Assa Abloy to Buy from Hold. |
| Over a month ago | ||||
Assa Abloy has sold its… Assa Abloy has sold its Italian residential door business within Gardesa to Italy-based Bertolotto and is in the final stages to sell its remaining shutter business. Gardesa is an Italian manufacturer of residential security doors and roller shutters, headquartered in Cortemaggiore, Italy with around 70 employees. The company's total sales in 2020 was approximately EUR 10M.The company said the transaction will have a positive effect on its operating margin. The divestiture resulted in a capital loss and exit costs amounting to EUR 18M booked during Q4. The divestiture of the shutter business is expected to be completed during Q1 of 2021. | ||||
Barclays analyst Lars… Barclays analyst Lars Brorson raised the firm's price target on Assa Abloy to SEK 210 from SEK 200 and keeps an Equal Weight rating on the shares. | ||||