Kepler Capital analyst Johan Sjoberg maintained a Buy rating on Assa Abloy on October 9 and set a price target of SEK360.00. The company’s shares closed last Thursday at SEK332.94.
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According to TipRanks, Sjoberg is a 4-star analyst with an average return of 6.9% and a 70.59% success rate. Sjoberg covers the Industrials sector, focusing on stocks such as Sandvik AB, Assa Abloy, and SKF AB.
In addition to Kepler Capital , Assa Abloy also received a Buy from TR | OpenAI – 4o’s Colt Shieldwyn in a report issued on October 3. However, on September 25, TR | OpenAI – 4o downgraded Assa Abloy (LSE: 0R87) to a Hold.
Based on Assa Abloy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of SEK38.02 billion and a net profit of SEK3.81 billion. In comparison, last year the company earned a revenue of SEK37.97 billion and had a net profit of SEK3.92 billion
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