Osram Licht (FRA:OSR) received a €30.00 ($34.88) target price from Nord/LB in a report released on Friday, March 29th, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Nord/LB’s price target would indicate a potential downside of 8.34% from the stock’s previous close.
A number of other equities research analysts also recently commented on the company. Berenberg Bank set a €34.00 ($39.53) price objective on Osram Licht and gave the company a “neutral” rating in a research report on Friday, March 22nd. UBS Group set a €37.00 ($43.02) price objective on Osram Licht and gave the stock a “neutral” rating in a research note on Tuesday, January 1st. Jefferies Financial Group set a €48.00 ($55.81) price objective on Osram Licht and gave the company a “buy” rating in a report on Friday, March 29th. Bank of America set a €45.00 ($52.33) price objective on Osram Licht and gave the company a “buy” rating in a report on Wednesday, January 9th. Finally, Morgan Stanley set a €40.00 ($46.51) price objective on Osram Licht and gave the company a “neutral” rating in a report on Wednesday, December 5th. Twelve analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of €37.27 ($43.33).
Osram Licht stock traded down €0.05 ($0.06) during mid-day trading on Friday, reaching €32.73 ($38.06). 368,568 shares of the company were exchanged. Osram Licht has a twelve month low of €54.80 ($63.72) and a twelve month high of €79.42 ($92.35).
OSRAM Licht AG provides various lighting products and solutions worldwide. It operates through three segments: Opto Semiconductors, Specialty Lighting, and Lighting Solutions & Systems. The company manufactures light-emitting diodes (LEDs) that are used in general lighting, automotive, consumer, and industrial applications, as well as infrared, laser, and optical sensors for the automotive, smartphone, wearable, general lighting, industrial lighting, and projection sectors, as well as lighting for plants.
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