Why Allegion Stock Soared on Thursday
Security products specialist (NYSE: ALLE) was popular with investors on Thursday, following its release of an encouraging quarterly earnings report. The document pleased investors, as they bid the company's stock up by more than 6% on the day. This compared rather favorably to the benchmark S 500 (SNPINDEX: ^GSPC), which essentially flatlined across the trading session.
Well before Thursday's market open, Ireland-based Allegion unveiled its second-quarter results. These showed that the company managed to boost revenue by nearly 6% year over year to slightly over $1.02 billion. On an organic basis -- i.e., excluding the impact of divestitures and acquisitions, plus foreign currency movements -- the top line also increased, by a little over 3%.
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Source Fool.com
Allegion plc Aktie
Allegion plc sticht etwas negativ hervor mit 5 Sell- und 3 Buy-Einschätzungen.
Ein negatives, aber moderates Potenzial für Allegion plc mit einem Kursziel von 128 € im Vergleich zu 140.0 €.
